Business

South African billionaire’s company shines

Luke Fraser

 ·29 Sep 2025

PSG Financial Services, whose history is tied to South African billionaire Jannie Mouton, is expecting a massive rise in earnings. 

Mouton created the PSG Group in 1995 with Chris Otto, with the aim of building a financial services conglomerate. 

The group was then credited with helping to launch several large businesses in South Africa, including Capitec, Curro and PSG Financial Services. 

PSG Financial Services, formerly PSG Konsult, was founded in 1998 by Willem Theron and Wallie Krumm, with the PSG Group under Mouton’s leadership acquiring a 50% stake in the business. 

In 2005, PSG Financial Services shares were made available to the public on an over-the-counter trading platform. 

When the PSG Group delisted from the JSE in 2022, it unbundled a 60% stake in PSG Financial Services onto the bourse. 

Nevertheless, the Moutons are still highly involved in the business, with the JF Mouton Familietrust holding a 13.1% stake in the business. 

Mouton’s son, Piet, also serves on the PSG Financial Services board. 

Today, PSG Financial Services is expecting a massive rise in earnings for the six months ending 31 August 2025. 

In a trading statement, PSG Financial Services said that its headline and recurring headline earnings per share are set to rise from 19% to 22% to between 57.4 and 58.8 cents per share. 

Attributable earnings per share are set to rise between 27% and 30% to between 61.5 and 63.0 cents per share. 

Further details will be contained in the group’s interim results, which are expected to come on out on Thursday, 16 October.