VUN - Vunani - Vunani Integrates Kagiso Securities; All regulatory approvals met
VUN
VUN
VUN - Vunani - Vunani Integrates Kagiso Securities; All regulatory approvals met
VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN ISIN: ZAE000110359
("Vunani")
VUNANI INTEGRATES KAGISO SECURITIES; ALL REGULATORY APPROVALS MET
Vunani today announced that all regulatory approvals pertaining to the
acquisition of Kagiso Securities Limited from Kagiso Investments (Proprietary)
Limited were obtained. Kagiso Securities will be integrated with Vunani`s stock-
broking unit.
Ethan Dube, CEO of Vunani commented:
"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.
"The integration will happen without delay as we move forward in growing Vunani
into a strong medium-sized diversified financial services firm."
Vunani is currently operating under a cautionary in terms of the JSE`s Listings
Requirements as it is in negotiations that could have a material effect on its
share price.
For further information, please call:
Enquiries:
Vunani Ethan Dube, CEO 011 263 9500
College Hill 011 447 3030
Morne Reinders 082 815 1844
Sandton
22 November 2010
Independent Designated Adviser
Grindrod Bank Limited
Joint Designated Adviser
Vunani Corporate Finance
Date: 22/11/2010 08:00:01 Produced by the JSE SENS Department.
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