EDITORIAL: What’s next after PSG’s bold and laudable Capitec move?
CEO Piet Mouton would do well to close the many entry points and develop another winner
28 May 2020 - 20:01
As SA’s investment heavyweight PSG unveiled details of plans to reduce its holding in fast-growing banking group Capitec to a minuscule stake, CEO Piet Mouton deserves a toast.
Founded shortly after the end of apartheid in 1995, PSG has grown rapidly from small venture capitalist-style investment holding company into a R40bn must-have in portfolios of fund managers that challenge entrenched players in financial services and private education...
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