Mining Weekly
20 October 2010
JOHANNESBURG (miningweekly.com) – JSE-listed Vunani said on Wednesday that it had completed the acquisition of a 37,5% stak...
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Coal Mining Company Black Wattle
20 October 2010
Vunani Completes Acquisition of Stake in Coal Mining Company Black Wattle 20 October 2010 Vunani Ltd said it boug...
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BISICHI MINING - Statement re sale of 37.5% share of Black Wattle 20 October 2010
20 October 2010
Vunani Mining (Pty) Limited purchases 37.5% shareholding of Black Wattle Colliery (Pty) Limited
Bisichi Mining PLC ("Bisic...
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Vunani takes 37.5% stake in Bisichi's Black Wattle Colliery 20 October 2010
20 October 2010
StockMarketWire.com - Vunani Mining has concluded the purchase of a 37.5% shareholding in Black Wattle Colliery (Pty) Ltd - B...
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Vunani Mining Buys 37.5% Shareholding Of Black Wattle Colliery - Quick Facts
20 October 2010
(RTTNews) - Bisichi Mining PLC (BISI.L: News ) Wednesday said Vunani Mining (Pty) Ltd., a black owned and managed financ...
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Constructive debate
19 March 2009
IF THERE'S A COMPANY that typifies adventurous empowerment investing that company has to be AltX-listed Vunani. In particular...
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Topping up its basket
11 December 2008
THE LATEST exchange traded fund (ETF) launched by Absa Capital - in a joint venture with Vunani Capital - offers a focus on b...
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The bump and the grind
11 September 2008
Looking at the latest interim results from empowered financial services and investment Group Vunani was like stepping back ei...
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Growing Alt-X footprint
07 March 2008
It now seems to have been destined that two companies with deep roots in AltX, the JSE's junior board, should reach a R90,75m...
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Talent scout finds value
14 December 2007
For a small investment firm, the Vunani group is rapidly making a name for itself.
Not only did it list on AltX, the ...
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Vunani heading for JSE
09 November 2007
Johannesburg - Vunani Capital Holdings, which itself has been responsible for a number of listing on AltX, is to be floated o...
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Against the grain
19 July 2007
Ethan Dube is very tactful when he explains who the driving force behind Vunani Capital Holdings is. Yet simplicity comes nat...
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19 March 2009
Finweek
Nicole Rego
IF THERE'S A COMPANY that typifies adventurous empowerment investing that company has to be AltX-listed Vunani. In particular, Vunani has major exposure as an anchor or significant minority empowerment investor to an array of infrastructure aligned contenders, including Illiad, PSV, Brikor, Esor, BSI, TWP and Interwaste.
You'd imagine Vunani's investment portfolio - which also includes a stake in platinum exploration counter Wesizwe - to be severely bruised these days. CEO Ethan Dube concedes Vunani's empowerment investments haven't been immune to the global economic malaise. "But we're long-term investors and what's important for us is that we're largely happy with the underlying businesses and their performance," says Dube.
Dube stresses Vunani isn't worried about any of its investments at the moment. Asked about the risks inherent in the group's large exposure to the construction/building sector, Dube says Government has committed a large amount of capital to infrastructure investment. "We expect that investment will continue to take place and believe the long-term outlook for construction and building remains positive."
And it's not as if Vunani is "watching and waiting" for prospects to improve in the building and construction sector. Dube stresses Vunani is always looking at investment opportunities. "Current market conditions and valuations do present some interesting opportunities for Vunani. A good example is our recent subscription for 40% of the issued share capital of Cavils 2000 Holdings with Base's infrastructure equities division."
Dube adds Vunani also has wide interests throughout financial services on top of its empowerment investments, which offset the impact of the current slowdown.
But somewhat tellingly, he discloses: "With respect to empowerment we're not satisfied with the developments so far and we aim to continue to be active participants in that area."
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