Data provided by McGregor BFA
All data is delayed
Loading...
See More

Vunani acquires Zim asset management firm

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

(Shutterstock)

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
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com 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
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

ANC set for two-thirds majority - poll

The ANC is on course to win nearly a two-thirds majority in 7 May elections, a poll has showed, confounding analysts who had predicted a fall in support for the ruling party.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

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