Investment holding company PSG Group reported recurring earnings up 9% to 1,086 cents a share when it released its annual results on Wednesday. While the company says its total sum of the parts value rose by 22% to R311.45 per PSG Group share as at the end of February 2019.
Shareholders will get a final dividend of 304 cents a share, making the full year dividend 456 cents a share – which is up 10% on the year prior.
Piet Mouton, the CEO of the PSG Group delves into the reasons behind the rise in its results with Nompu Siziba, while David Shapiro also discussed the PSG numbers in an earlier podcast.
Read more: PSG prunes its roses