JANA MARAIS: PSG founder Jannie Mouton’s exit marks end of golden era
Career of arguably SA’s best capital allocator has been extraordinary
The announcement that PSG founder Jannie Mouton, arguably South Africa’s best capital allocator, is stepping down from all nonexecutive roles in the group to focus on his health, marks the end of a remarkable era. The career of Mouton, who disclosed in May that he had been diagnosed with early-stage dementia, has been extraordinary for various reasons. A chartered accountant by profession, Mouton co-founded the successful brokerage Senekal Mouton & Kitshoff, or SMK, in Johannesburg in the early 1980s. No one was more surprised than Mouton when his long-time friends and business partners unceremoniously fired him shortly before his 50th birthday in 1995, as he told Carié Maas in his biography, published in 2011. But getting fired was one of the best things that could have happened to Mouton — and to the many PSG shareholders who have been richly rewarded over the years. He wasn’t the only entrepreneur to start building his empire in the 1990s. Stephen Saad with Aspen Pharmacare and A...
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