PSG ACQUIRES A STAKE IN KWV LIMITED

The South African-based financial services group PSG has acquired an 11.3% stake in KWV Limited, the holding company of the KWV group that comprises KWV South Africa, KWV International and KWV Investments Limited.

Although PSG’s main focus is on its financial services, they hold stakes in several agricultural companies, and believe the investment in KWV will “deliver an excellent return in the long term, which is fundamental to PSG Group’s long-term investment strategy.”