A solid scoring position
Imagine, if you will, that you’re a decent schoolboy cricketer and have managed to cement your place in the Affies first
XI, much to the pride of your family and friends and to the admiration of the fair maidens of Pretoria. Then you realise you are wielding the willow alongside the young AB de Villiers and Faf du Plessis, and while the team’s results may be tidy, your personal brand may not have quite the effect you were hoping for with the meisies.
This is the slight technical hitch that has faced PSG Konsult, which would look like a solid performer in the average line-up, but which has looked a bit of an ugly sister in comparison with stablemates Capitec and Curro.
Its recent results may have lacked a little froth, but they were a commendable effort in a market that the company characterises as low growth, low confidence and volatile.
PSG Konsult is confident that changes to the political landscape will inject confidence in its client base, who will be thinking more of saving for the future than packing up and heading off.
Both the wealth and asset management businesses delivered solid growth despite the macro-environment, and the company has been investing in its people and its platforms to ensure that it continues to provide quality service. The insurance business is starting to gain scale in a competitive market, and the group continues to pursue boutique acquisitions where appropriate.
Overall, PSG Konsult may not have had the explosive growth of some
PSG businesses, but it is building a solid platform for the long term.
WPP’S empire owes more to the era of Don Draper than that of Mark Zuckerberg