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PSG Wealth Midlands becomes largest healthcare advisory practice in PSG network

01 August 2016 Tinus Havinga, PSG Wealth Midlands
Tinus Havinga, Principal Executive of PSG Wealth Midlands.

Tinus Havinga, Principal Executive of PSG Wealth Midlands.

PSG Wealth Midlands in Pietermaritzburg and PSG Westville: Ilangabi House in Durban have merged into a single entity, under the name PSG Wealth Midlands. The new business now offers clients greater accessibility throughout Southern Africa, with a more comprehensive service offering specialising in healthcare and employee benefits.

Both practices’ clients will benefit from several additional senior-level staff. To this end, PSG’s National Manager of Employee Benefits, John Cranke, will join the new entity’s executive team on 1 August 2016.

The new combined practice will have the capacity to grow exponentially in the coming years, while also building in succession planning. “Business continuation is very important for both practices and for PSG as a whole, from both a risk management and client service point of view,” says Tinus Havinga, Principal Executive of PSG Wealth Midlands.

“The practice now has a client base in excess of 70 000 members with 48 employees assisting clients countrywide, making it by far the largest of its kind in the PSG adviser network,” he says. “Even though we started in Kwazulu-Natal, we have clients based throughout South Africa.”

PSG Wealth Midlands was founded by Tinus and Ann Havinga. Sylvester Appasamy joined as a partner in 2011 after having served as PSG’s National Manager for Healthcare. Malan Vermaak, a retirement fund and investment specialist, joined the practice in 2010 and became the fourth partner in 2014.

Sue Zanninello is one of the founding members of PSG Westville: Ilangabi House. This office was PSG’s first specialised healthcare practice, and was started in January 1999. Today, it is the largest of its kind under the PSG brand. For the past four years Sue has run the practice exclusively.
Since the introduction of PSG’s Best Healthcare Practice Award nine years ago, the two practices have achieved this recognition seven times between them.

“Despite this exciting development, it is business as usual and servicing our clients continues to be our priority as an extended team. We look forward to all that lies ahead as a bigger and better PSG Wealth Midlands,” Havinga concludes.

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