Jannie Mouton

Jannie Mouton is a self-made South African billionaire and is the founder of the renowned PSG Group and co-founder of Capitec Bank. He is known as the “Buddha Buffet” and holds a bachelor degree from Stellenbosch University. In 1973, he obtained his qualification as a Chartered Accountant. In November 1995, Mouton bought 51% of PAG (a listed recruitment firm) for R3.5million. Then, in 1997, PAG Ltd changed its name to PSG Group and the company sold PAG placement for R107m so as to focus on financial services. In 1998, R1.2billion was raised for PSG Noble Capital Ltd and the firm got listed on the Johannesburg Stock Exchange (JSE). Afterwards, PSG Noble and PSG Investment Bank merged in 1999. Meanwhile, PSG Investment Bank is listed on the JSE as the seventh biggest bank in South Africa. In 2001, Capitec (a low cost bank) listed on JSE with PSG as a shareholder of reference. Thereafter, in 2003, PSG became the largest shareholder of Capitec with 30.7% stake. In 2007, PSG joins Sanlam and Santam in establishing the new direct insurance, MiWay Insurance. Then in 2011, PSG listed its private education group, PSG Investments as Curro Holdings on JSE. In summary, PSG’s investments include; Strategy and Philosophy, Capitec, PSG Konsult, Curro, Dipeo, Zeder Investments, PSG Capital, PSG Corporate and PSG Alpha. Jannie is one of Forbes Africa’s 50 Richest, 2015 and named among Forbes List of Billionaires, 2017.