UNDERVALUATION WOES
PSG in buyback of up to 20% of its R13.6bn stock
Investment heavyweight's latest move could help tackle its undervaluation
19 January 2021 - 23:25
PSG has embarked on a share buyback programme of as much as 20% of its R13.6bn stock, the latest move by the investment heavyweight that could help tackle its undervaluation.
Founded in 1995, PSG has grown rapidly from a small venture capitalist-style investment firm into an investor darling with stakes in fast-growing companies such as private schools operator Curro Holdings, financial services group PSG Konsult and, until 2020, Capitec...
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