PPS EXPERIENCES POSITIVE YEAR AS PANDEMIC EBBS
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GUEST – Izak Smit, PPS Group CEO
The Professional Provident Society (PPS), the financial services group focused solely on providing a diverse range of financial solutions for graduate professionals in South Africa, Namibia, and Australia, experienced a positive 2022 supporting members and returning value to them. The company’s operating performance in the current reporting period exhibited significant differences compared to 2021. The upswing in the life insurance business’s profitability was a notable development, primarily attributed to the decrease in life claims as the COVID-19 pandemic started to subside. However, the investment markets faced turbulence and headwinds in 2022 after a robust performance in 2021
The Professional Provident Society (PPS), the financial services group focused solely on providing a diverse range of financial solutions for graduate professionals in South Africa, Namibia, and Australia, experienced a positive 2022 supporting members and returning value to them. The company’s operating performance in the current reporting period exhibited significant differences compared to 2021. The upswing in the life insurance business’s profitability was a notable development, primarily attributed to the decrease in life claims as the COVID-19 pandemic started to subside. However, the investment markets faced turbulence and headwinds in 2022 after a robust performance in 2021
