We operate as a mutual. There are five principal business units in South Africa and Namibia as outlined below.
|THE PPS GROUP||KEY INDICATORS||2016||FIVE-YEAR REVIEW|
|PROFIT-SHARE ALLOCATIONS AND BENEFIT PAYMENTS
Through its unique mutual model, all the profits are ultimately attributable to our members. This is achieved by allocating operating profit and investment returns to the members' PPS Profit-Share Account, which is available to them on retirement, or their beneficiaries on death.
|Annual gross benefits paid to members||R2.4 billion|
|Cumulative profit-share allocations for the last five years||R15.2 billion|
|Annual profit-share allocations||R2.7 billion|
|Annual gross benefits paid to members plus profit-share allocations||R5.1 billion|