Investment house PSG could be involved with no fewer than four new listings in the financial year ahead as well making substantial capital investments in existing interests and snagging an acquisition aimed at opening up a new strategic direction. Speaking after the release of results for the year to February on Wednesday, CEO Piet Mouton reckoned that PSG’s R1.3bn cash on hand could be spent within the next 12 months. PSG’s main investments include significant stakes in low-cost banking initiative Capitec Bank, private education venture Curro, agri-business Zeder, wealth management hub PSG Konsult and smaller investments under PSG Alpha (formerly PSG Private Equity). Mouton said a chunk of the cash pile would be used to back the separate listing of Curro’s fledgling tertiary education arm later in 2017. He said PSG would also be investing further capital in power management services subsidiary Energy Partners, which could be listed on the JSE early in 2018. Mouton noted that the bu...
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