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PSG KONSULT LIMITED - PSG Konsult Credit Rating Affirmed With Stable Outlook

Release Date: 31/07/2020 09:00
Code(s): KST     PDF:  
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PSG Konsult Credit Rating Affirmed With Stable Outlook

(Incorporated in the Republic of South Africa)
Registration Number: 1993/003941/06
JSE Share Code: KST
NSX Share Code: KFS
SEM Share Code: PSGK.N0000
ISIN Code: ZAE000191417
LEI: 378900ECF3D86FD28194
(“PSG Konsult” or “the Company”)

(Incorporated in the Republic of South Africa)
Registration Number: 2014/196582/06
Company Code: BICAP
ISIN Code: ZAG000145285


Shareholders are advised that the rating agency Global Credit Rating Company (“GCR”) has
reviewed the ratings of PSG Konsult under the Appendix Criteria for Rating Asset Managers,
November 2019.

PSG Konsult’s South African long and short-term issuer ratings have been affirmed at A(ZA) and
A1(ZA), respectively, with a Stable outlook.

GCR states, “The ratings of PSG Konsult are underpinned by prudent risk management, with a
large quantum of cash and cash equivalents supporting a strong and liquid balance sheet. This
is complimented by sound cash generative capacity, no interest bearing debt and a strong group
regulatory solvency position, contributing to a very strong cash flow and leverage assessment.
These strengths are partially offset by moderate earnings and a business profile that is weighed
down by the lack of market scale, although GCR positively factors in revenue diversification and
a supportive distribution network.”

Tyger Valley
31 July 2020

JSE Sponsor: PSG Capital Proprietary Limited
Joint independent JSE sponsor: UBS South Africa Proprietary Limited
NSX Sponsor: PSG Wealth Management (Namibia) Proprietary Limited, member of the Namibian
Stock Exchange
SEM authorised representative and SEM Sponsor: Perigeum Capital Ltd

This notice is issued pursuant to the JSE Limited Listings Requirements, the SEM Listing Rules
and the Mauritian Securities Act 2005. The board of directors of PSG Konsult accepts full
responsibility for the accuracy of the information contained in this communiqué.

Date: 31-07-2020 09:00:00
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