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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.