CAPE TOWN - South African billionaire and founder of the financial services company, PSG group, Jannie Mouton has today released a letter, stating that he has recently been diagnosed with an early stage of dementia.
The businessman who grew up in Carnarvon in the Northern Province has come a long way in the financial services industry. Initially starting out as an articled clerk at PwC, Mouton then qualified as a chartered accountant in 1973.
In 1955, Mouton co-founded a firm, Senekal, Mouton & Kitshoff, where he served as a managing partner.
In a letter issued today, Jannie says that his announcement comes after he feels the need to continue his transparency with the public and share this information.
“I have recently been diagnosed with an early form of dementia. The implication of this is that my short-term memory does not always function as it should, the result being that I sometimes forget people's names, repeat myself, or may appear somewhat disorientated. This does not happen every day, but I cannot ignore it”, says the letter.
Mouton said that he has a good team of support who are assisting him with managing his illness.
The businessman also said that PSG is his life, having contributed 22 years to building the business.
“I am incredibly proud of the businesses we have created over the years, including the likes of Capitec, PSG Konsult, Curro, Zeder and all other investments for the future. There are so many opportunities that the PSG team is currently working on. I am also proud of our ongoing contribution towards the South African economy. I still believe that this is a country filled with opportunity and very talented people”, says the letter.
Despite Mouton’s illness, this letter stands to reaffirm that the business will go on and that PSG is, in fact, working on exciting opportunities.
Meanwhile, PSG Konsult is managed by CEO Francois Gouws whilst Mouton’s son, Piet Mouton serves as chief executive of PSG Group.
Read the full letter below:
I have a good team of physicians and advisors that support me and
carefully monitor the situation. I am on medication to help manage
and limit the symptoms of my illness. This team also communicates
directly with the lead independent director on the PSG Group board,
Patrick Burton, in order for the right decisions to be made at the
right time. The PSG way has always been to be proactive and to plan
ahead as best possible.
PSG is my life and I have dedicated myself to the company for the
past 22 years. I am incredibly proud of the businesses we have
created over the years, including the likes of Capitec, PSG Konsult,
Curro, Zeder and all other investments for the future. There are so
many opportunities that the PSG team is currently working on. I am
also proud of our ongoing contribution towards the South African
economy. I still believe that this is a country filled with
opportunity and very talented people.
In 2010, I became the non-executive chairman of PSG Group, and have
also over the last couple of years resigned from most of the
underlying company boards as most of you are aware. PSG Group has an
outstanding team that looks after the investment portfolio and other
business matters. In addition, PSG’s underlying
businesses/investments, in my opinion, have the best management
teams in the country.
I still come into the office every day – I enjoy seeing how the
people at PSG endeavour daily to make a difference by working hard
and smart. I regularly share the lessons learnt over the years with
our team and can see how the PSG DNA of thinking and doing has taken
root throughout the group.
After consultation with my senior colleagues, we feel that I still
have a contribution to make as PSG Group's non-executive chairman,
given that PSG Group's executive management team is very strong with
the necessary depth, experience and knowledge – Piet, Wynand and
Johan have respectively worked by my side for 14, 16 and 20 years,
and have built the company with me.
I kindly request the media to forthwith direct questions relating to
this matter to either Piet or one of the other members of the PSG
Group executive team.
I could not have asked for more in my life. I have incredible
children and grandchildren. I am especially grateful to my wife,
Deidré, for her incredible support – she is a real pillar of
strength. Each family member is special in their own way and all of
them are loyal PSG supporters. It means the world to me that they
stand together and have both my and PSG's best interest at heart.
I would like to sincerely thank everyone that has helped build, and
will continue to build, PSG – I am proud of each and everyone of
- BUSINESS REPORT ONLINE