A wealthy Johannesburg woman who argued she is reliant on her estranged husband and father to manage her extensive financial holdings has secured a generous maintenance settlement.
Professional Provident Society posts R555m profit, despite higher life claims Member-based society entered 2020 with solid capital reserves and good momentum, group CEO Izak Smit says PREMIUM By Garth Theunissen - 15 April 2021
The Professional Provident Society (PPS), which provides insurance and investment solutions to graduate professionals, posted an annual operating profit of R555m in its 2020 fiscal year, despite a surge in life claims, especially among medical professionals.
The member-based society, which operates on a profit-share basis, reported that operating profit fell by half in the 12 months to end-December, down from the R1.1bn in operating profit it made in 2019, according to its 2020 integrated report released on Wednesday...