Retirement – Jannie Mouton
 
 
PSG GROUP LIMITED
 
Incorporated in the Republic of South Africa
 
Registration number: 1970/008484/06
 
JSE Limited (“JSE”) share code: PSG
 
ISIN code: ZAE000013017
 
(“PSG Group”)
 
 
PSG FINANCIAL SERVICES LIMITED
 
Incorporated in the Republic of South Africa
 
Registration number: 1919/000478/06
 
JSE share code: PGFP
 
ISIN code: ZAE000096079
 
(“PSG Financial Services”)
 
 
 
RETIREMENT – JANNIE MOUTON
 
 
In accordance with paragraph 3.59(b) of the JSE Listings Requirements,
 
shareholders are hereby advised that we have received a retirement and
 
resignation letter from Jannie Mouton as non-executive chairman and director
 
of PSG Group, PSG Financial Services and Zeder effective today.
 
 
Jannie leaves behind a remarkable legacy. He founded the PSG Group 23 years
 
ago and has played a pivotal role in building various businesses which are
 
rivalled by few others. We thank him for his outstanding contribution and
 
leadership over many years. Jannie is an incredible individual who has
 
inspired all of us at PSG Group, PSG Financial Services and Zeder to create
 
rather than criticize. We will miss him as director and chairman but will
 
continue to interact with him as shareholder and friend. We wish him all the
 
best with his health and retirement.
 
 
Shareholders will be informed of the appointment of a new non-executive
 
chairman for PSG Group, PSG Financial Services and Zeder respectively in due
 
course.
 
 
In the event that you may have any questions please contact Piet Mouton on
 
+27 21 887 9602.
 
 
For the sake of transparency, please find Jannie’s letter of resignation
 
below.
 
 
“Dear Shareholders, Colleagues & Friends,
 
 
I wrote to you in the beginning of this year to inform you of my health
 
condition (early dementia).
 
 
South Africa has had many disappointments and challenges during the past 12
 
months given certain corporate failures, the status of our economy and the
 
like, but it remains a country of opportunity. I have always believed that
 
one must look at every challenge as an opportunity and that a negative person
 
has never really created anything. I therefore sincerely believe that my
 
health condition, although challenging, has also created opportunities for
 
myself and those around me. It has allowed me to spend more time with my
 
wife and family, to engage with others in ways that I had never done before
 
and to take stock of what has been created. It has also allowed me to pass
 
the baton by way of a smooth transition to those individuals whom I have
 
groomed over many years. PSG Group and all the various investee companies
 
have exceptional and innovative management teams in place and I will follow
 
them with interest as a shareholder.
 
I have been fortunate to have had an incredible corporate life. I look back
 
to so many things that we have built from humble beginnings. There are no
 
shortcuts to success. It takes innovation, hard work, dedication and always
 
a bit of luck. I have also been fortunate to work with talented individuals
 
that have all the aforesaid qualities. Please continue with your good work
 
– you have the PSG DNA!
 
 
I have realised that if I want to make the best of my time left, I need to
 
focus on my health, I need to further relinquish responsibilities I may have,
 
and I need to give certainty to the investment community at large. I have
 
therefore after careful consideration and deliberation with my medical team,
 
family, friends and PSG colleagues decided to resign as non-executive
 
chairman and director from the PSG Group, PSG Financial Services and Zeder
 
boards.
 
 
Thank you to everyone for your loyal support over many years. Thank you to
 
every investor that has believed in and supported PSG Group over many years.
 
Thank you to the thousands of employees serving throughout the bigger group
 
for all your hard work and dedication. Thank you to the PSG Group Board,
 
Executive Committee and everyone else at our office for your continued
 
commitment and support. Lastly, thank you to my family and to Deidré, my
 
wife. It has been an incredible journey!
 
 
I will remain a loyal PSG Group shareholder and supporter. PSG Group has
 
built up a remarkable team of people who manages great businesses in many
 
industries and I am excited about the future of our group. I will still see
 
you in the office and hallways of PSG Group.
 
 
Lastly, I continue to believe in South Africa and the many opportunities it
 
presents. We know South Africans are intelligent, resilient, considerate and
 
responsible people and I urge everyone to be positive about the future despite
 
the challenges we are facing. Let us continue to build South Africa and
 
create job opportunities for all!
 
 
Warm regards
 
 
Jannie”
 
 
20 November 2018
 
Stellenbosch
 
 
Sponsor
 
PSG Capital
 
 
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