PSG KONSULT LIMITED - PSG Konsult Credit Rating And Outlook Unchanged

PSG Konsult Credit Rating And Outlook Unchanged

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”)

PSG KONSULT CREDIT RATING AND OUTLOOK UNCHANGED

Shareholders are advised that the rating agency Global Credit
Rating Company (“GCR”), having upgraded PSG Konsult’s long-term and
short-term rating last year, affirmed the national scale ratings
assigned to PSG Konsult of A-(ZA) and A1-(ZA) in the long term and
short term respectively, with the outlook for both ratings
remaining stable.

GCR states, “Management’s ability to execute its strategy is
demonstrated by its track record of profitable growth through the
cycle. The synergetic nature of the divisions creates a solid
platform for organic growth, with PSG Konsult’s recurring headline
earnings registering a strong 5-year compounded annual growth rate
of 26%. PSG Konsult is expected to continue to produce strong
earnings through the benefit of economies of scale as it gains
market share across existing business segments and expands its
assets under management at a moderate pace.

PSG Konsult reflects conservative financial policies, with the
standalone balance sheet remaining largely debt-free at FY17. While
the group has entered the debt capital markets through a maiden
DTMN issue in FY18, funding has been at moderate levels, which
should see PSG Konsult’s credit risk profile remain sound. Strong
sustained free cash flow generation provides additional liquidity
support.”


Tyger Valley
27 July 2017

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

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