{"id":97363,"date":"2026-04-16T13:07:13","date_gmt":"2026-04-16T13:07:13","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/top-south-african-wealth-manager-firing-on-all-cylinders"},"modified":"2026-04-16T13:43:39","modified_gmt":"2026-04-16T13:43:39","slug":"top-south-african-wealth-manager-firing-on-all-cylinders","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/top-south-african-wealth-manager-firing-on-all-cylinders","title":{"rendered":"Top South African wealth manager firing on all cylinders"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>PSG Financial Services has delivered a strong set of results for its 2026 financial year, with all three of its operating segments reporting earnings growth of over 20%.<\/p>\n

This allowed the asset manager to report a more than 30% increase in its headline earnings for the year.<\/p>\n

PSG Financial Services forms part of the PSG Group, which was founded by Chris Otto and billionaire businessman Jannie Mouton.<\/p>\n

On Thursday, 16 April, PSG Financial Services released its results for the year through February 2026, which revealed a stellar performance.<\/p>\n

The company\u2019s core income grew by 22% to reach R8.28 billion, while its recurring and headline earnings shot up by 32% to R1.68 billion.<\/p>\n

PSG Financial Services recorded a profit of R1.90 billion for the year, a 38% jump from the 2025 financial year.<\/p>\n

The majority of the group\u2019s earnings was derived from its Wealth division, which increased recurring headline earnings by 25% to R950.63 million.<\/p>\n

The company attributed this growth to a continued increase in management and other recurring fees, as well as transactional brokerage fees.<\/p>\n

PSG Financial Services\u2019 client assets in the Wealth division increased by 17.3% to R480.9 billion, which included R24.9 billion of positive net inflows.<\/p>\n

The next-largest contributor to earnings was its Asset Management segment, which grew recurring headline earnings by a remarkable 59% to R472.78 million.<\/p>\n

PSG Financial Services said this division\u2019s results were impacted by higher performance fees and strong growth in management fees of 17.6%.<\/p>\n

This segment\u2019s client assets under management increased by 37.7% to R83.7 billion during the 2026 financial year, with net client inflows of R4.9 billion.<\/p>\n

The third segment, PSG Insure, saw slightly slower but still strong growth in recurring headline earnings of 22% to reach R258.84 million.<\/p>\n

PSG Financial Services described this segment\u2019s results as \u201ccommendable\u201d, saying they were mainly due to ongoing underwriting improvement initiatives. PSG Insure\u2019s gross written premium amounted to R8.0 billion, marking a 5.0% increase.<\/p>\n

It noted that the insurance business also benefited from a more favourable claims environment and an absence of catastrophe storms across the industry.<\/p>\n

At a group level, PSG Financial Services\u2019 total assets under management increased by 19.9% to R564.6 billion.<\/p>\n

Looking forward, the company said it remains positive about its and South Africa\u2019s long-term growth prospects.<\/p>\n

\u201cPSG remains optimistic regarding the ability of ordinary South Africans to engineer a better future for themselves and their families, and we are positive about a range of opportunities for the firm,\u201d it said.<\/p>\n

\u201cAs such, we will continue to increase our investment in both technology and human resources at a rate roughly consistent with our long-term historical averages.\u201d<\/p>\n

PSG Financial Services declared a dividend of 65 cents per share, up 25% from the dividend it paid out in 2025.<\/p>\n

For More News And Analysis About South-Africa<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. PSG Financial Services has delivered a strong set of results for its 2026 financial year, with all three of its operating segments reporting earnings growth of over 20%. This allowed the asset manager to report a more than 30% increase in its headline earnings for the year. PSG Financial Services forms part […]<\/p>\n","protected":false},"author":84,"featured_media":97362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[275],"class_list":["post-97363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-africa-2"],"yoast_head":"\nTop South African wealth manager firing on all cylinders - South Africa<\/title>\n<meta name=\"description\" content=\"PSG Financial Services has delivered a strong set of results for its 2026 financial year, with all three of its operatin ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/top-south-african-wealth-manager-firing-on-all-cylinders\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top South African wealth manager firing on all cylinders\" \/>\n<meta property=\"og:description\" content=\"PSG Financial Services has delivered a strong set of results for its 2026 financial year, with all three of its operatin ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/top-south-african-wealth-manager-firing-on-all-cylinders\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-16T13:07:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-16T13:43:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776334042.878181.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/top-south-african-wealth-manager-firing-on-all-cylinders#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/top-south-african-wealth-manager-firing-on-all-cylinders\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Top South African wealth manager firing on all cylinders\",\"datePublished\":\"2026-04-16T13:07:13+00:00\",\"dateModified\":\"2026-04-16T13:43:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/top-south-african-wealth-manager-firing-on-all-cylinders\"},\"wordCount\":462,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/top-south-african-wealth-manager-firing-on-all-cylinders#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776334042.878181.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/top-south-african-wealth-manager-firing-on-all-cylinders#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/top-south-african-wealth-manager-firing-on-all-cylinders\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/top-south-african-wealth-manager-firing-on-all-cylinders\",\"name\":\"Top South African wealth manager firing on all cylinders - 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