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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