PSG KONSULT LIMITED - PSG Konsult further focuses its core operations

KST 201503020061A<BR>
PSG Konsult further focuses its core operations<BR>
<BR>
PSG Konsult Limited<BR>
(Incorporated in the Republic of South Africa)<BR>
Registration Number: 1993/003941/06<BR>
JSE Share Code: KST<BR>
NSX Share Code: KFS<BR>
ISIN Code: ZAE000191417<BR>
(“PSG Konsult”)<BR>
<BR>
VOLUNTARY ANNOUNCEMENT: PSG KONSULT FURTHER FOCUSES ITS CORE<BR>
OPERATIONS<BR>
<BR>
Shareholders are advised that PSG Konsult has disposed of two<BR>
of its non-core businesses: PSG Academy and Nhluvuko Risk<BR>
Administration.<BR>
<BR>
PSG Academy, a private higher education institute that offers<BR>
training to financial advisers, has been acquired by Moonstone<BR>
Information Refinery. The academy will continue its operations<BR>
under new ownership, with current students remaining enrolled<BR>
and existing courses being offered as before. All academy<BR>
personnel have also retained their posts.<BR>
<BR>
Nhluvuko Risk Administration, a health insurance<BR>
administrator, has been disposed of to African Unity Health<BR>
(Pty) Ltd. The sale has no direct impact on the staff or<BR>
clients of Nhluvuko Risk Administration and the business will<BR>
continue to operate as before with existing products, services<BR>
and issued insurance cover remaining in place.<BR>
<BR>
Both sales are effective from 1 March 2015.<BR>
<BR>
The transactions allow PSG Konsult to further simplify its<BR>
business structure and direct greater focus to core<BR>
operations. PSG Konsult also believes this to be in the best<BR>
interests of clients of both PSG Academy and Nhluvuko Risk<BR>
Administration, as the businesses have been sold to reputable<BR>
companies that can apply a dedicated focus to their<BR>
operations.<BR>
<BR>
Tyger Valley<BR>
2 March 2015<BR>
<BR>
JSE sponsor: PSG Capital (Pty) Ltd<BR>
NSX sponsor: PSG Wealth Management (Namibia) (Pty) Ltd, member<BR>
of the Namibian Stock Exchange<BR>
<BR>
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