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There has been an exodus of SA's skilled workers

There has been an exodus of SA's skilled workers
moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.

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Exclusivity pays off as PPS creates more millionaires at the height of a pandemic

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PPS, which exclusively caters to professionals, says 2020 confirmed the purpose of its existence.
Its niche market not only proved resilient to the pandemic, but the company made more profit-sharing millionaires.
PPS is the only mutual financial services company in SA, and it returned R2.2 billion to its policyholders in 2020.
With a global pandemic in place, displacing people from their jobs and sinking any businesses, the year 2020 proved to be a tough one for many insurers and other financial services firms, but not so much for the insurer that caters exclusively for professionals, Professional Provident Society (PPS).
The company, which published its 2020 integrated report on Wednesday, still grew its gross life insurance gross premiums by 7% to R5.12 billion. PPS Investments recorded gross new investment flows of R7.5 billion, a 22% increase from 2019. ....

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Professional Provident Society posts R555m profit, despite higher life claims

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. ....

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How PPS is supporting SA's health-care workers

How PPS is supporting SA's health-care workers
timeslive.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timeslive.co.za Daily Mail and Mail on Sunday newspapers.

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How PPS is supporting SA's health-care workers

How PPS is supporting SA's health-care workers
sowetanlive.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sowetanlive.co.za Daily Mail and Mail on Sunday newspapers.

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