PSG Asset Management Holdings (Pty) Ltd

www.psg.co.za/asset-management

Company details

FAIS FSP registration number: 29524

Switchboard:

+27 21 799 8000

Fax number: +27 21 799 8182

General email: psgassetmanagement@psg.co.za

Address: 1st Floor, PSG House, Alphen Park Constantia Main Rd, Constantia, Cape Town

Compliance officer name: Elana Honiball elana.honiball@psg.co.za

Investment philosophy

We follow what we call the ‘PSG Asset Management Way’, which is steeped in being the best possible custodian of clients assets. We recognise our role as stewards of client capital.

To ensure that we exercise this role responsibly, we:

● Always think long-term. We seek out quality companies with the strong leadership that are trading at discounts to their intrinsic worth: the opportunities the market may be missing. Usually, the best opportunities present themselves in conditions of fear and uncertainty. While it may take time to realise mispriced value — and while it may even come at the cost of short-term performance — we know that the patient investor is rewarded.

● Act with prudence. This is a cornerstone of our investment philosophy and integral to our process maximising potential upside and limiting potential downside by ensuring a sufficient margin of safety in any investment we make. Without it, we are quite willing to forego an opportunity and will hold cash in our funds until we are comfortable that it can be suitably deployed.

● Are obsessive about research. We always do our own homework to understand all the risks associated with an investment.

In essence we like to always buy securities in our funds that have a sufficient margin of safety and a favourable asymmetry (upside return versus downside risk of loss). This pay off range should translate into little downside and sufficient upside. We believe that we will invest in any opportunity (equity or fixed income) provided that there is a sufficient margin of safety to ensure that we are not likely to incur permanent capital loss on that investment.

Who is your FAIS complaints officer?

Elana Honiball

Please provide the link to the complaints policy on your website: https://download.psg.co.za/files/asset-management/ forms/PSG-AMDispute-Resolution-Procedure.pdf

What is the ownership structure of the company?

PSG Asset Management is a wholly owned subsidiary of PSG Konsult Group

Who are the directors of the company?

Anet Ahern, Greg Hopkins, Arlene Tanta and Terence Collopy

Do staff and management have an interest in ownership? Please provide the percentage held by staff and management: Not directly. Staff and management have shares in PSG Konsult Ltd. PSG Asset Management is a wholly owned subsidiary of PSG Konsult.

When was the company established?

1999

List of mergers and acquisitions that have taken place since being established:

PSG Tanzanite (Pty) Ltd and Alphen Asset Management (Pty) Ltd merged into PSG Asset Management (Pty) Ltd in 2011

B-BBEE credentials

Are you B-BBEE accredited?

Yes

What is your B-BBEE status?

Level 8

By whom have you been accredited?

AQRate

Date of accreditation: 2021-05-27

GIPS

Are you GIPS compliant? No

Are you GIPS verified? No

By whom have you been verified? –

Date of verification: –

Expiry date of verification: –