Vunani takeover of Kagiso gets the nod

Johannesburg - Financial services company Vunani [JSE:VUN] on Monday announced that all regulatory approvals pertaining to the acquisition of Kagiso Securities from Kagiso Investments have been obtained.
 
Kagiso Securities will be integrated with Vunani's stock-broking unit.
 
Ethan Dube, CEO of Vunani said the integration would happen without delay.

"The added scale gives us a competitive edge as local and international investors are increasingly looking at emerging markets for meaningful returns.

"Our asset management, property development and investment banking capacity allows us to compete head-on with the rest of the market," he said.

 
Vunani is operating under a cautionary in terms of the JSE's Listings Requirements.