It’s like breaking up with a longtime girlfriend and saying: ‘It’s not you, it’s me’ — PSG Group CEO Piet Mouton.
There will be cheers and tears over the decision by PSG Group to unbundle and delist from the JSE. Inevitably, there may even be a few jeers.
Yet PSG, without question, has been one of the most successful investors — and investments — on the JSE, ever...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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EDITORIAL: Mouton’s PSG move excites investors but deepens JSE listing crisisWhile unbundling will close 30% discount at which shares trade to the sum of its parts, it will also cut choices
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It’s sad to see PSG disappear'It has been an extremely difficult decision,' said PSGGroup CEO Piet Mouton when explaining the directors’ proposal to unbundle all the interests the group holds in diverse listed companies, as announced on Monday. Moneyweb CompanyNews AdriaanKruger
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Why PSG is ending its 27-year JSE runIt’s like breaking up with a longtime girlfriend and saying: ‘It’s not you, it’s me’ — PSG Group CEO Piet Mouton
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EDITORIAL: Mark of shame for JSE as PSG bows outThe fact is that PSG was increasingly unable to demonstrate its value to the market, thanks in part to investor apathy.
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CEO Piet Mouton explains how PSG will be nimbler after unbundlingMouton says a smaller, delisted PSG will be run much like a private equity outfit though its investment philosophy won't change much
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EDITORIAL: Mark of shame for JSE as PSG bows outThe fact is that PSG was increasingly unable to demonstrate its value to the market, thanks in part to investor apathy.
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