PPS SA is the only mutual financial services company in South Africa that has focused exclusively on graduate professionals since 1941.They offer tailor-made insurance, investment and healthcare solutions exclusively for graduate professionals. PPS is an authorised financial services provider.
PPS SA is a Founder Member of PPS Mutual and is the provider of the administration and systems for the PPS Mutual products.
The history of PPS SA is a dynamic story of how the vision of a few pioneering professionals laid the groundwork of what has become the largest multidisciplinary group of professionals in the world. A brainchild of a group of eight dentists, PPS was founded as the Professional Provident Society of South Africa on 8 July 1941, during the height of the Second World War.
These founding fathers sought to find a better system of financial protection as a consequence of being unable to practice as a result of sickness or injury, looking towards the Dentists Provident Society of the UK, formed in 1908, for a model on which to base their own society – its objectives perfectly matching their own needs.
PPS South Africa is now the largest financial services company in the country operating as a mutual. It has assets of $3.2 billion and in the last 10 years alone has assigned $2.2 billion* in profit-share to its Members.
*Calculated at 31st December 2014