PSG Group CEO talks earnings, unbundling & how to tackle SA’s energy crisis
PSG will draw the curtains on its reign on the JSE. The company released a detailed statement outlining its plans to restructure the business and create further value. It includes unbundling of its stakes in Curro, PSG Konsult and KAAP Agri and an eventual delisting from the JSE once the transaction is complete. Joining CNBC Africa for more is Piet Mouton, CEO at PSG Group.
Mon, 25 Apr 2022 11:00:07 GMT
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AI Generated Summary
- PSG Group unveils a comprehensive restructuring plan to unbundle key investments and delist from the JSE to enhance shareholder value.
- The company aims to address the challenges faced by investment holding firms and position itself for sustainable growth in the evolving economic environment.
- CEO Piet Mouton emphasizes the importance of unlocking value for shareholders and outlines the strategic vision behind PSG Group's restructuring efforts.
PSG Group, a prominent investment holding company in South Africa, is undergoing a significant restructuring plan that aims to unlock further value for its shareholders. The company recently announced its intention to unbundle its stakes in Curro, PSG Konsult, and KAAP Agri, leading to an eventual delisting from the Johannesburg Stock Exchange (JSE). In an exclusive interview with CNBC Africa, Piet Mouton, CEO of PSG Group, discussed the rationale behind the restructuring plan and the company's long-term vision. The move comes as PSG Group seeks to address the challenges faced by investment holding companies and position itself for sustainable growth in a rapidly changing economic landscape.
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