PSG founder Jannie Mouton says he has an early form of dementia
Despite his illness, the man behind the PSG empire will not step down as chairman yet
Wealth creator extraordinaire Jannie Mouton, the founder and chairman of Stellenbosch-based powerhouse PSG Group, shocked the investment community on Wednesday by disclosing he had been diagnosed with an early form of dementia. In an open letter to PSG shareholders and staff, Mouton gave a starkly personal account of his condition. “I have recently been diagnosed with an early form of dementia. The implication of this is that my short-term memory does not always function as it should, the result being that I sometimes forget people’s names, repeat myself or may appear somewhat disorientated. “This does not happen every day, but I cannot ignore it.” Mouton — a former stockbroker — has been a powerful force on the local investment landscape for the past two decades. He brought PSG to the JSE in 1995 by acquiring control of small recruitment firm PAG at a bargain basement price of 36c. After quickly finding traction with several opportunistic investments (including selling PSG at a sub...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.