Once again, I’m reporting back on a challenging year,
although these days, tough trading is regarded as
‘business as usual’ and matching up to the previous
year’s results is becoming ‘the new normal’.
On the operating side, PPS managed to outperform
this new normal.
Difficult conditions not only reflect our South African
realities of political and economic volatility, but also the
societal and technological changes that are sweeping
across the globe. A 2019 Edelman Trust Barometer
survey reveals that only one out of five people believe
‘the system’ still works for them, with nearly half the
global sample stating that the current system has
actually failed them. We see this in the concerning rise
of populism in the world around us.
Our niche market includes South Africa, Australia and
Namibia’s most educated, influential and proven
individuals. They have the resources and knowledge
to create the significant changes required to remain
at the forefront of their professions and communities.
They are also the niche that has the ability to adapt to
changes and cope with the realities that confront us.
PPS is working hard to create the solutions, tools
and opportunities for our member professionals to
embrace, lead and profit from change. That – and
how we performed in 2018 – is primarily what this
report is about.
CHALLENGES, RISKS AND
The intertwined threat of political and economic
unpredictability in South Africa remained the PPS
Group’s biggest challenge in 2018.
While fundamental societal changes and political
election results unfold, PPS is pressing on with rolling
out tailored solutions that will equip our members to
INTEGRATED REPORT 2018