PSG reports 28% increase in recurring earnings as interest rates boost performance
By Edward West | Published Oct 18, 2024
Assets under management increased 15. 9% to R435. 7 billion, comprising assets managed by PSG Wealth of R379. 1bn (16. 4% increase) and PSG Asset Management of R56. 6bn (12. 4% increase), while PSG Insure's gross written premium came to R3. 7bn (10. 3% increase). Performance fees constituted 6% of headline earnings.