PSG Konsult delivers impressive growth despite COVID-19 headwinds
PSG Konsult has seen a 10 per cent rise in recurring headline earnings per share, year-on-year, for the 12 months ended February. The financial services company’s total dividend per share for the year climbed by 9 per cent. CNBC Africa’s Zinathi Gquma spoke with the CEO Francois Gouws for more.
Fri, 16 Apr 2021 07:42:09 GMT
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AI Generated Summary
- PSG Konsult reports a 10% rise in recurring earnings per share, driven by strong performance in wealth management and insurance.
- The company discusses the impact of COVID-19 on mortality rates and business operations in the insurance sector.
- PSG Konsult shares insights on its outlook for equities and bonds, talent development initiatives, and technology investments amid economic uncertainties.
South African financial services company PSG Konsult has reported strong financial results despite the challenges posed by the COVID-19 pandemic. The company saw a 10% rise in recurring headline earnings per share for the 12 months ended February, with the wealth management business up almost 20% and the insurance business up about 25%. In an exclusive interview with CNBC Africa, CEO Francois Gouws discussed the factors behind the company's success and provided insights into how PSG Konsult is navigating the changing landscape of the insurance and asset management sectors amidst the ongoing pandemic. Gouws highlighted the importance of long-term business practices, investments in technology, and adaptability in executing strategies during difficult times. He also addressed the impact of COVID-19 on mortality rates and the company's outlook on equities and bonds as the economy continues to recover. Furthermore, Gouws shared PSG Konsult's commitment to talent development and technology investment, showcasing the company's optimism and resilience in the face of economic uncertainties.