Harmony Gold released its FY24 results for the year ended 30 June 2024. In this report, we discuss the key takeaways from the results and update our valuation. Since our last report, Harmony is up roughly by 8% and the gold price is up about 9%. Highlights from the results include the following: Group production increased by 6% to 1.56moz, driven by higher grades at Mponeng, Hidden Valley and Mine Waste Solutions. Group revenue increased by 25% to R6.31 billion, driven by higher production, higher grades and a higher average gold price Harmony ended the period with net cash of R2.9 billio ..read more

Since SA's Government of National Unity came into effect the rand has retained its strength and major stocks on the JSE are making impressive gains. Is this early economic enthusiasm a temporary surge, reminiscent of “Ramaphoria”? Or is it indicative of lasting and meaningful change? Adriaan Pask, chief investment officer at PSG Wealth, shares his views in this informative podcast. This podcast/video/article was first published on Businessday.com on August 2024 ..read more

Analysing past events can provide helpful clues for investors on how to successfully navigate the unpredictable technology sector, says PSG Wealth’s Adriaan Pask. This podcast/video/article was first published on Businessday.com on July 2024 ..read more

Nirdev Desai, head of sales at PSG Wealth, explains the difference between saving and investing, and shares lessons to be learnt from successful savers, which can be replicated to help you achieve your financial goals. This podcast/video/article was first published on Businessday.com on June 2024 ..read more

The JSE has witnessed a significant decrease in listings in recent years, dropping to only 284 at the end of 2023. PSG Wealth’s Adriaan Pask explains what’s causing this trend and how it will affect investors. This podcast/video/article was first published on Businessday.com on May 2024 ..read more

Adriaan Pask, chief investment officer of PSG Wealth, provides an update on how the markets have fared so far in 2024, and what investors can expect from the rest of the year. This podcast/video/article was first published on Businessday.com on April 2024 ..read more

Adriaan Pask, chief investment officer of PSG Wealth, explains the investment strategy behind low-risk investment products and why they’re an important part of a holistic portfolio. This podcast/video/article was first published on Businessday.com on February 2024 ..read more

Elections and interest rate cuts are two of the key themes driving investment decisions in 2024, but what else should investors expect from a markets perspective? PSG Wealth's chief investment officer Adriaan Pask shares his views in this informative podcast. This podcast/video/article was first published on Businessday.com/ on February 2024 ..read more

Nirdev Desai, head of sales at PSG Wealth, discusses different factors that can shape your relationship with money, for better or worse. He also pinpoints the lessons to be learnt from the healthy financial behaviours of successful high-net-worth individuals, which can be replicated to help you achieve your financial goals. This podcast was first published on Businessday.com on {Date} - January 2024 ..read more

‘I think where we sit in relation to our emerging market peers, we look like a far more obvious option than we would have a couple of months ago’ – PSG Wealth’s Adriaan Pask ..read more