Marc Hasenfuss Editor-at-large

Stellenbosch-based investment group PSG is unlikely to chase sizeable new opportunities in the short to medium term. Speaking after the release of year to end-February results on Tuesday, CEO Piet Mouton said PSG had enough on its plate following the listing of private tertiary education business Stadio Holdings, building up power management venture Energy Partners and the acquisition of a majority stake in retirement village developer Evergreen. Mouton said PSG was excited with the progress at Evergreen. "They have already purchased the land that will see the company shift from 540 units to over 5,000 units in the next five years," he said. While there was no shortage of capital for Evergreen, the business showed that it recycled capital quickly in its projects. In 2017, investment subsidiary PSG Alpha snagged a 50% interest in Evergreen for R675m, one of the biggest initial cash investments in its 22-year history. PSG’s main investment is Capitec Bank, which accounts for 51% (2017...

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