The group generated R825m in cash from operating activities in the six months to end-August. Moneyweb companynews
The outstanding feature of PSG Konsult’s interim results published on Thursday for the six months to end-August 2022 is not that the group of insurance, investment and asset management businesses performed relatively well in a period of severe market volatility, but that it continues to generate copious amounts of cash.
Personal touch A closer look at the income statement shows that all the line items moved in the ‘right’ direction, with a notable exception being marketing, administration and other costs. These increased by nearly R100 million. “Yes, the increase is significant,” says Gouws, “but it only returned to normal.” The increase is attributable to an increase in costs of connecting to clients face to face.
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