Has PSG lost its dealmaking mojo?
Having a wildly successful investment in Capitec is becoming something of a curse for the Mouton family outfit
27 February 2020 - 05:00
PSG is facing a growing crescendo of calls from shareholders to unbundle Capitec Bank, a company in which it holds a comparatively modest 30.7% stake but which is by far the most successful investment in its portfolio.
The crux of the matter is PSG’s own sum-of-the-parts valuation, which — according to calculations on its website — values the Capitec stake at just over R50.2bn, or 72% of the group’s total value...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.