All data is delayed
See More

Vunani acquires Zim asset management firm

Feb 28 2013 10:12
Malcom Sharara, Fin24’s correspondent in Zimbabwe
Zimbabwe flag


Company Data


Last traded 2
Change 0
% Change 0
Cumulative volume 12000
Market cap 0

Last Updated: 09-10-2015 at 11:41. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Vunani records earnings recovery

Vunani sees a jump in earnings

Vunani aids Microsoft BEE venture

Vunani Property increases revenue

Minister: Zim is safe for investments

Zim missed out on boom - World Bank

Harare - JSE-listed Vunani [JSE:VUN] this week announced it has acquired a Zimbabwe-based asset management company, Purpose Asset Management.

Vunani CEO Ethan Dube said the acquisition will help the financial services group position itself to spread its operations across southern Africa.

Dube was quoted by The New Age as saying Zimbabwe remains a good investment opportunity which will provide a platform for expansion further into southern Africa.

"We are very excited about the opportunities this acquisition represents. Vunani has been providing advisory services in Zimbabwe for some time, but now we are able to emulate the full gambit of our diversified financial services business in this country."

Vunani said the transaction had been approved by the Exchange Control department of the South African Reserve Bank and is subject to further conditions. Vunani will have the option to purchase a further stake in order to achieve a shareholding of 55% in Purpose Asset Management, subject to regulatory approvals.

 - Fin24

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

vunani  |  zimbabwe  |  economy



Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote