psg puts its plans on hold

The financial services group PSG has put its plan to list on the London Stock Exchange on the ice, citing turbulent markets and the US sub-prime crisis. The group's primary listing is on the local bourse. PSG's managing director Johan Holtz-hausen said the overwhelming effect of the US sub-prime mortgage crash on the rest of the world had cost financial services companies their customers' trust. - Leseja Mokgata

The financial services group PSG has put its plan to list on the London Stock Exchange on the ice, citing turbulent markets and the US sub-prime crisis. The group's primary listing is on the local bourse. PSG's managing director Johan Holtz-hausen said the overwhelming effect of the US sub-prime mortgage crash on the rest of the world had cost financial services companies their customers' trust. - Leseja Mokgata

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