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PSG KONSULT LIMITED - PSG Konsult Credit Rating Upgraded

Release Date: 13/07/2016 14:15
Code(s): KST     PDF:  
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PSG Konsult Credit Rating Upgraded

PSG Konsult Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1993/003941/06
JSE Share Code: KST
NSX Share Code: KFS
ISIN Code: ZAE000191417
(“PSG Konsult” or “the Company”)

PSG KONSULT CREDIT RATING UPGRADED

Shareholders are advised that the rating agency Global Credit
Rating Company (“GCR”) upgraded PSG Konsult’s long-term rating to
A- (previously BBB+) and its short-term rating to A1- (previously
A2) today. It also confirmed the outlook for both ratings as
stable. This is the highest credit rating PSG Konsult has received
to date.

PSG MANAGEMENT’S COMMENT

Commenting on GCR’s upgrade and recognition of PSG Konsult’s
achievements, Mike Smith, PSG Konsult’s Chief Financial Officer,
said, “The rating upgrade reflects PSG Konsult’s ability to deliver
sustained and consistent growth in earnings, even during weak
economic periods. We will continue to focus on improving operating
margins in the coming year and on prioritising organic growth in
the domestic market.”

GCR’S RATING RATIONALE

GCR states, “PSG Konsult’s upgrade reflects its conservative
balance sheet fundamentals, risk profile and sound earnings
capacity. The Company has been successful in executing its business
plan, which has seen its business profile continue to strengthen,
supported by robust growth in revenue and earnings over recent
years. This has followed the well-defined strategy to refocus on
core operations, which has allowed for the capturing of additional
margin in the asset management and insurance businesses, albeit
still anchored by its traditional, uniquely positioned advisory
franchise network.”


Tyger Valley
13 July 2016

JSE sponsor: PSG Capital Proprietary Limited
NSX sponsor: PSG Wealth Management (Namibia) Proprietary Limited,
member of the Namibian Stock Exchange

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