PSG KONSULT LIMITED - PSG Konsult Credit Rating Upgraded

KST 201607130028A<BR>
PSG Konsult Credit Rating Upgraded<BR>
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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” or “the Company”)<BR>
<BR>
PSG KONSULT CREDIT RATING UPGRADED<BR>
<BR>
Shareholders are advised that the rating agency Global Credit<BR>
Rating Company (“GCR”) upgraded PSG Konsult's long-term rating to<BR>
A- (previously BBB+) and its short-term rating to A1- (previously<BR>
A2) today. It also confirmed the outlook for both ratings as<BR>
stable. This is the highest credit rating PSG Konsult has received<BR>
to date.<BR>
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PSG MANAGEMENT'S COMMENT<BR>
<BR>
Commenting on GCR's upgrade and recognition of PSG Konsult's<BR>
achievements, Mike Smith, PSG Konsult's Chief Financial Officer,<BR>
said, “The rating upgrade reflects PSG Konsult's ability to deliver<BR>
sustained and consistent growth in earnings, even during weak<BR>
economic periods. We will continue to focus on improving operating<BR>
margins in the coming year and on prioritising organic growth in<BR>
the domestic market.”<BR>
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GCR'S RATING RATIONALE<BR>
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GCR states, “PSG Konsult's upgrade reflects its conservative<BR>
balance sheet fundamentals, risk profile and sound earnings<BR>
capacity. The Company has been successful in executing its business<BR>
plan, which has seen its business profile continue to strengthen,<BR>
supported by robust growth in revenue and earnings over recent<BR>
years. This has followed the well-defined strategy to refocus on<BR>
core operations, which has allowed for the capturing of additional<BR>
margin in the asset management and insurance businesses, albeit<BR>
still anchored by its traditional, uniquely positioned advisory<BR>
franchise network.”<BR>
<BR>
<BR>
Tyger Valley<BR>
13 July 2016<BR>
<BR>
JSE sponsor: PSG Capital Proprietary Limited<BR>
NSX sponsor: PSG Wealth Management (Namibia) Proprietary Limited,<BR>
member of the Namibian Stock Exchange<BR>
<BR>
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