PSG is a household name in Hermanus and during the PSG Wealth Hermanus Portfolio Management and Stockbroking annual investment presentation one could see why.
This prestigious event was held on 15 and 16 May with speakers like Gerrie Fourie, Group CEO of Capitec, Anet Ahern, chairperson of PSG Asset Management and Lyle Sankar, CEO of PSG Asset Management, sharing their thoughts on how investors should assess the South African investment landscape amid global uncertainty.
Sankar joined PSG in 2014 as a credit analyst and trader and was recently the head of fixed income and a fund manager on several portfolios in the fixed income range.
He explained the importance of investments and also reassured the investors that the PSG team is highly qualified and have the interests of their clients at heart. “We are very proud of our team who are constantly looking for the best opportunities to achieve long-term goals,” he said.
Gerrie Fourie, Group CEO of Capitec, reflected on key highlights from his tenure at Capitec and provided a forward-looking perspective on the bank’s future growth opportunities within the South African context. He also shared his thoughts on how investors should assess the South African investment landscape amid global uncertainty.
“I remember when we decided to start a bank 25 years ago. We had a business plan and we still stick to that plan,” he said. “We expanded the plan, but never deviated from the plan.”
According to him, there are still so many opportunities in South Africa to be exploited. “Why would you want to live in Switzerland where everything works? Rather live in South Africa where nothing works and see the myriad of opportunities,” he said tongue in cheek.
