PSG founder alerts staff and investors to a medical condition

Jannie Mouton says he has been diagnosed with an early form of dementia.
Jannie Mouton dedicated 22 years to PSG, during which time the likes of Capitec, Curro, PSG Konsult, and Zeder were built. Picture: Supplied

The following is a translated version of a letter penned by PSG Group founder Jannie Mouton alerting stakeholders to a medical condition and disclosed in the form of a voluntary SENS announcement

Dear Colleagues, Shareholders and Friends,

I have always believed in honest and transparent communication, hence this letter to all of you.

I have recently been diagnosed with an early form of dementia. The implication of this is that my short-term memory does not always function as it should, the result being that I sometimes forget people’s names, repeat myself, or may appear somewhat disorientated. This does not happen every day, but I cannot ignore it.

I have a good team of physicians and advisors that support me and carefully monitor the situation. I am on medication to help manage and limit the symptoms of my illness. This team also communicates directly with the lead independent director on the PSG Group board, Patrick Burton, in order for the right decisions to be made at the right time. The PSG way has always been to be proactive and to plan ahead as best possible.

PSG is my life and I have dedicated myself to the company for the past 22 years. I am incredibly proud of the businesses we have
created over the years, including the likes of Capitec, PSG Konsult, Curro, Zeder and all other investments for the future. There are so
many opportunities that the PSG team is currently working on. I am also proud of our ongoing contribution towards the South African
economy. I still believe that this is a country filled with opportunity and very talented people.

In 2010, I became the non-executive chairman of PSG Group, and have also over the last couple of years resigned from most of the underlying company boards as most of you are aware. PSG Group has an outstanding team that looks after the investment portfolio and other business matters. In addition, PSG’s underlying businesses/investments, in my opinion, have the best management teams in the country.

I still come into the office every day – I enjoy seeing how the people at PSG endeavour daily to make a difference by working hard and smart. I regularly share the lessons learnt over the years with our team and can see how the PSG DNA of thinking and doing has taken root throughout the group.

After consultation with my senior colleagues, we feel that I still have a contribution to make as PSG Group’s non-executive chairman,
given that PSG Group’s executive management team is very strong with the necessary depth, experience and knowledge – Piet, Wynand and Johan have respectively worked by my side for 14, 16 and 20 years, have built the company with me.

I kindly request the media to forthwith direct questions relating to this matter to either Piet or one of the other members of the PSG Group executive team.

I could not have asked for more in my life. I have incredible children and grandchildren. I am especially grateful to my wife, Deidré, for her incredible support – she is a real pillar of strength. Each family member is special in their own way and all of them are loyal PSG supporters. It means the world to me that they stand together and have both my and PSG’s best interest at heart.

I would like to sincerely thank everyone that has helped build, and will continue to build, PSG – I am proud of each and everyone of
you!

Regards,

Jannie

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I wish Jannie all the best.

No disease is fun and neurological ones are even more stressful.

So sad to hear. At least he will be bale to get the very best treatment.

Unfortunately I don’t think there is a single effective disease modifying medicine for dementia and finding drugs have been such a money losing disaster that a lot of pharmas are exiting neurological diseases completely.

This is very sad, but it is extremely magnificent of Mr Mouton to be so transparent. Well done sir and all the best

Baie dankie Oom Janie vir alles. Woorde sal nooit genoeg wees. Lat ek een en almal by PSG dank vir die goeie belegins geleenthede wat vir ons opgeskep is deur hulle hard werk. Ek wens vir u en u familie sterkte en die gesondheid onder die omstandighede. En aan PSG se ek: meer geluk en voorspoed. Dankie baie ver al aan jou familie.

All of us age at exactly the same rate. We are all moving in the same direction at the same speed. I respect and salute any person who gracefully takes up this brave challenge. Jannie Mouton is successful in every way.

What a professionally worded letter, and straight from the heart 🙂

You’ve done well sir. You built a family empire & also carry the responsibility of many employees’ livelihood.

Geniet eerder ‘n volle uittrede (daar’s ‘n tyd vir alles in die lewe) & spandeer meer kwaliteit tyd saam met familie en vriende wat nader aan jou is. Amen!

Best wishes Jannie!

Thanks for being so honest and transparent – this is how we know you.

We wish you all the best Jannie. Thank you for always being such a pillar of integrity, honesty and good old common sense where others around you have failed dismally. You have always put others first and didn’t succumb to the greed trap. Enjoy your retirement sir!

End of comments.

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