Our Members

Izak Smit

Professional Provident Society (Pty) Ltd (PPS)

Izak Smit has been the Group Chief Executive Officer of the Professional Provident Society (Pty) Ltd (PPS) since July 2016. PPS is a financial services company dedicated to serving graduate professionals. With more than 30 years of experience in the financial services sector, stretching across group benefits, wealth management, short- and long-term insurance and distribution, Izak has held various senior leadership roles. Before joining PPS, he served as the Managing Executive of Absa Life and then of Absa Wealth and Investment Management Distribution.

Izak's academic and professional background is rooted in actuarial science. He is currently a Fellow of the Actuarial Society of South Africa. He also holds a Diploma in Strategy and Innovation from the Saïd Business School at Oxford University, UK. He is a member of various PPS boards as well as the Vice Chairman of the International Cooperatives and Mutual Insurance Federation (ICMIF). He and Liezel have two adult sons. Izak is a keen sportsman who often participates in various activities with his boys.

About Professional Provident Society (Pty) Ltd (PPS)

PPS is a holistic financial services provider dedicated exclusively to graduate professionals, embracing the ethos of mutuality. With more than 80 years of experience, PPS continues to uphold its founding promise by offering tailored financial and healthcare products for more than 150 000 members. PPS membership provides access to the following tried, tested and trusted products and services: PPS Life Insurance, PPS Short-Term Insurance, PPS Health Professions Indemnity, PPS Investments and Profmed Medical Scheme. Members holding qualifying life-risk products share in the company’s operational and investment returns through allocations to their notional PPS Profit-Share Accounts™. In addition, the more products members hold across the Group’s affiliates/subsidiaries, the larger their percentage of earnings through the PPS Cross-Holdings Profit-Share Booster. PPS is a licensed insurer conducting life insurance business, a licensed controlling company and an authorised FSP.