Jump to content

Recommended Posts

Posted

Founder and chairman of PSG Group, Jannie Mouton has been listed as the newest dollar billionaire in South Africa by Forbes in its annual Billionaire List for 2017.

 

Mouton, known as the “Boere Buffett” for his successes on the stock market, founded PSG Group in 1995 and has seen it grow into one of the country’s biggest business success stories.

 

PSG is an investment holding company with investments in a wide variety of sectors, including financial services, banking, private equity, agriculture and education.

 

The group has a 30.7% stake in the hugely successful Capitec Bank, with a majority shareholding in private education group, Curro (56.4%) – two companies which have recorded outstanding performances over the past few years.

 

According to Forbes, Mouton’s success came after being fired by his partners at a stockbroking firm he co-founded, Senekal, Mouton & Kitshoff. He started PSG Group, and has now turned it into a R61.8 billion family business.

 

Full article available on BusinessTech

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...