PSG Financial Services

Our team of skilled analysts recently reviewed their Sasol recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or...

Dr Larry Hatheway : Economist Facilitated by Alishia Seckam : Broadcast and financial journalist. Dr Larry Hatheway, founder of HarborAdvisors, LLC is an economist and multi-asset investment professional. Previously Chief Economist and Head of Global Asset Allocation Group at UBS Investment Bank, Chief Economist and Global Head of Investment Solutions at GAM Investments and adjunct professor at Fa...

PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for Capitec.

Our team of skilled analysts recently reviewed their British American Tobacco recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute finan...

On 13 September 2024, FirstRand released its full-year results for 2024. Highlights from the results were as follows: Headline earnings grew by 4% to R38 billion, with revenue (+9%) rising less than operating costs (+11%). Net interest income increased by 9%. Average interest earnings assets grew by 9% with increases in RMB CIB advances by 10%. Net interest margin was flat at 4.47%. Non-interest r...

Harmony Gold released its FY24 results for the year ended 30 June 2024. In this report, we discuss the key takeaways from the results and update our valuation. Since our last report, Harmony is up roughly by 8% and the gold price is up about 9%. Highlights from the results include the following: Group production increased by 6% to 1.56moz, driven by higher grades at Mponeng, Hidden Valley and Mine...

Since SA's Government of National Unity came into effect the rand has retained its strength and major stocks on the JSE are making impressive gains. Is this early economic enthusiasm a temporary surge, reminiscent of “Ramaphoria”? Or is it indicative of lasting and meaningful change? Adriaan Pask, chief investment officer at PSG Wealth, shares his views in this informative podcast. This podcast/vi...

Analysing past events can provide helpful clues for investors on how to successfully navigate the unpredictable technology sector, says PSG Wealth’s Adriaan Pask. This podcast/video/article was first published on Businessday.com on July 2024.

Nirdev Desai, head of sales at PSG Wealth, explains the difference between saving and investing, and shares lessons to be learnt from successful savers, which can be replicated to help you achieve your financial goals. This podcast/video/article was first published on Businessday.com on June 2024.

The JSE has witnessed a significant decrease in listings in recent years, dropping to only 284 at the end of 2023. PSG Wealth’s Adriaan Pask explains what’s causing this trend and how it will affect investors. This podcast/video/article was first published on Businessday.com on May 2024.

Adriaan Pask, chief investment officer of PSG Wealth, provides an update on how the markets have fared so far in 2024, and what investors can expect from the rest of the year. This podcast/video/article was first published on Businessday.com on April 2024.

Adriaan Pask, chief investment officer of PSG Wealth, explains the investment strategy behind low-risk investment products and why they’re an important part of a holistic portfolio. This podcast/video/article was first published on Businessday.com on February 2024.

Elections and interest rate cuts are two of the key themes driving investment decisions in 2024, but what else should investors expect from a markets perspective? PSG Wealth's chief investment officer Adriaan Pask shares his views in this informative podcast. This podcast/video/article was first published on Businessday.com/ on February 2024.

Nirdev Desai, head of sales at PSG Wealth, discusses different factors that can shape your relationship with money, for better or worse. He also pinpoints the lessons to be learnt from the healthy financial behaviours of successful high-net-worth individuals, which can be replicated to help you achieve your financial goals. This podcast was first published on Businessday.com on {Date} - January 20...

‘I think where we sit in relation to our emerging market peers, we look like a far more obvious option than we would have a couple of months ago’ – PSG Wealth’s Adriaan Pask.

Looks like a tech bubble is around the corner again, says Adriaan Pask from PSG Wealth.

Investors should reflect on what’s available to them because they don’t want to be too rand-exposed, and their portfolio should be able to weather the shocks; those global events and national events’ – Wendy Myers, head of securities at PSG Wealth.

Adriaan Pask, chief investment officer at PSG Wealth, outlines the reasons behind the reversal and explains that diversification nevertheless remains crucial.

When the election passes, at roughly the same time we expect that energy supply will start to improve, which may spark some interest from foreign investors – PSG Wealth CIO, Adriaan Pask.

Inflation, counterparty, and liquidity risks are just a few that investors need to be aware of: Adriaan Pask, CIO – PSG Wealth.

Among the main drivers of volatility to watch out for this year are the outcomes of myriad global elections, so hang tight and be positive: Adriaan Pask from PSG Wealth.

If the JSE comes off quite a depleted base, it certainly can be a key tool for you to achieve your financial goals.

Dr Leila Fourie: Group CEO: JSE Facilitated by Alishia Seckam: Broadcast and financial journalist. Dr Fourie was appointed as Group CEO of the Johannesburg Stock Exchange effective 1 October 2019. She also held the role of inaugural Co-chair for the United Nations Global Investors for Sustainable Development convened by the UN Secretary General, from 2019. With over 30 years of international exper...

Since our last report in June 2024, the share price has increased by 18% from R3.8 to R4.5. Although the upside to our intrinsic value has decreased, we maintain our buy recommendation due to our view that there should be a further outperformance indicating an upside as high as 15% in our bull case. Since then, there hasn’t been any significant new information prompting a change in our intrinsic v...

Our last report in May covered the 1Q24 sales and operating update for Sibanye. We highlighted balance sheet concerns and noted that the group was engaging with lenders to increase debt covenants. The following events have taken place since: Sibanye released a trading statement on 2 September 2024 indicating that EPS were expected to decline by more than 100% and HEPS expected to decline between 9...