PPS, the financial services firm focused exclusively on graduates and professionals, recorded record inflows in 2022, with both its life insurance and investments businesses faring well in a tough market.
Its lapse rate, or rate at which policies aren't renewed, are also "industry-leading by world standards," said CEO Izak Smit.
While professionals haven't been immune to the effects of a deteriorating economy, SA still faces a shortage of skills, providing some cushion at least, said Smit.