Asset management and insurance units hit by market volatility and KwaZulu-Natal floods
PSG Konsult raised its interim dividend even though the listed investment and insurance holding company failed to boost half-year profit as its asset management and insurance businesses underperformed in the first half of its financial year.
“You have to distinguish between the impact of the prevailing conditions in the market and the actual operational performance of the businesses,” PSG Konsult CEO Francois Gouws told Business Day. “Operationally, if you look at the last three years, both the asset management and insurance businesses are doing well.”..
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