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12-Oct-2017
(C)
Revenue from continuing operations soared to R160.1 million (2016: R72.7 million), results from operating activities increased to R22.3 million (2016: R18.4 million), profit from continuing operations attributable to equity holders of Vunani decreased to R12.8 million (2016: R13.6 million), while headline earnings per share from continuing operations lowered to 8.2 cents per share (2016: 12.5 cents per share).



Company prospects

The reporting period was dominated by the country going into a technical recession after two consecutive quarters of negative economic growth. The economy did recover slightly in the second quarter of the year as the gross domestic product grew a seasonally-adjusted 2.5% quarter-on-quarter. The recovery was due to increased economic activity in the agriculture, finance and mining sectors. The agricultural sector has seen bumper maize and wheat crops, which have resulted in lower prices during the period. As a result of the improved inflation outlook the Reserve Bank reduced interest rates by twenty-five basis points. The Rand however remains vulnerable to further ratings downgrades, global risks and political uncertainty. Despite difficult market conditions, Vunani performed considerably well for the six month period to 31 August 2017.
04-Oct-2017
(Official Notice)
Shareholders are advised that Vunani is in the process of finalising its results for the six months ended 31 August 2017 and anticipates that it will report basic earnings per share of between 7.2 cents and 9.8 cents (six months to August 2016: 13.4 cents basic earnings per share), which represents an expected decrease of between 46.3% and 26.9%.



Vunani anticipates that it will report headline earning per share of between 6.7 cents and 9.0 cents (6 months to August 2016: 11.5 cents headline earnings per share), which represents an expected decrease of between 41.7% and 21.7%.



The decrease in earnings per share and headline earnings per share is attributable to the increase in the weighted average number of shares in issue of 156.0 million (2016: 109.0 million).



The company`s results for the six months ended 31 August 2017 will be published on SENS on the 12th of October 2017.
08-Aug-2017
(Official Notice)
Shareholders are advised that the annual general meeting of shareholders of the company was held on Tuesday, 8 August 2017. In terms of the proposed ordinary and special resolutions, all resolutions as set out in the notice of annual general meeting contained in the integrated report which was posted to shareholders on 6 July 2017, were passed by the requisite majority of shareholders present and voting, in person or by proxy.
28-Jul-2017
(Official Notice)
In accordance with paragraph 16.20(g)and Appendix 1 to Section 11 of the JSE Listing Requirements, notice is also hereby given that the Company?s annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act has been published on the Company?s website.
11-Jul-2017
(Official Notice)
Shareholders are referred to the reviewed provisional condensed consolidated results for the year ended 28 February 2017 which was released on SENS on 26 April 2017 which gave notice that a gross ordinary dividend of 5.2 cents per share (2016: 5.5 cents per share) has been declared out of income reserves on 26 April 2017 and are payable to ordinary shareholders in accordance with the following timetable:

*Last day to trade cum dividend - Tuesday, 25 July 2017

*Shares commence trading ex-dividend - Wednesday, 26 July 2017

*Record date - Friday, 28 July 2017

*Dividend Payment date - Monday, 31 July 2017



No dematerialisation or rematerialisation of shares will be allowed for the period from Wednesday, 26 July 2017 to Friday, 28 July 2017, both dates inclusive.



Shareholders are advised that there have been no changes to the declaration announcement data published on 26 April 2017.
06-Jul-2017
(Official Notice)
Shareholders are advised that the company's integrated annual report including the audited annual financial statements for the year ended 28 February 2017 and the notice of annual general meeting have been distributed to shareholders today, 6 July 2017. The audited annual financial statements are unchanged from the reviewed provisional results published on SENS on 26 April 2017.



Notice is hereby given that the annual general meeting of shareholders of the company will be held on Tuesday, 8 August 2017 at 11h30 in the boardroom, 151 Katherine Street, Vunani Office Park, Vunani House, Sandton to transact the business as stated in the notice of annual general meeting forming part of the company's integrated annual report.



The record date, for purposes of determining which shareholders are entitled to receive the notice of annual general meeting was Friday, 30 June 2017. The last day to trade and the record date, in order for shareholders to be eligible to participate in and vote at the annual general meeting is Tuesday, 25 July 2017 and Friday, 28 July 2017, respectively.



The integrated annual report will be made available on the company's website hosted at www.vunanilimited.co.za.
26-Apr-2017
(C)
Revenue from continuing operations jumped to R188.6 million (R154.2 million). Results from operating activities shot up to R49.8 million (R6.6 million). Profit for the year attributable to equity holders multiplied to R38.1 million (R6.8 million). In addition, headline earnings per share from continuing operations grew to 19.2 cents per share (5.9 cents per share).



Dividend declared

Notice is hereby given that a gross ordinary dividend of 5.2 cents per share (5.5 cents per share) has been declared out of income reserves on 26 April 2017 and are payable to ordinary shareholders in accordance with the following timetable.



Company prospects

Vunani's executive are continuously looking for opportunities to further grow the business and enhance shareholder value. The focus on the operating businesses is a key strategy to solidify the group as a formidable financial services player and ultimately ensure the long-term success of Vunani. It is therefore critical that these businesses are run by high-calibre staff who are strong leaders. Vunani is positive about the growth that it has seen in the current year and expects that the momentum created can be maintained into the immediate future.
21-Apr-2017
(Official Notice)
Shareholders are referred to the initial trading update released on SENS on 11 April 2017, and are further advised that Vunani is in the process of finalising its results for the 12-month period ended 28 February 2017. Vunani anticipates that it will report basic earnings per share of between 29.5 cents and 30.7 cents (14 months to 29 February 2016: 6.2 cents basic earnings per share), being an increase of between 375% and 395%. The increase is primarily attributable to the improved performance of the group over the 12-month period.



Vunani anticipates that it will report headline earnings per share of between 18.6 cents and 19.8 cents (14 months to 29 February 2016: 5.8 cents headline earnings per share), being an increase of between 221% and 241%.



The annual results for the year ended 28 February 2017, will be released on SENS on Wednesday 26th April 2017 and shareholders are invited to dial in on the results presentation webcast on the day at 11:00am using the url www.corpcam.com/Vunani26042017 and conference call details as follows: Telkom 010 201 6800 or Toll Free 0800 200 648 or Neotel 011 535 3600. Or for further details contact the company?s IR Adviser Jacques de Bie at Singular Systems IR on 082 691 5384
11-Apr-2017
(Official Notice)
Shareholders are advised that Vunani is in the process of finalising its results for the year ended 28 February 2017 and expects that its basic earnings per share (?EPS?) will increase by at least 300%, which is a minimum of 24.8 cents per share compared to 6.2 cents per share for the previous corresponding period. The headline earnings per share (?HEPS?) is expected to increase by at least 150% which is a minimum of 14.5 cents per share compared to 5.8 cents per share for the previous corresponding period. Once the company has more certainty on the expected EPS and HEPS, a further trading statement will be released on SENS.



Annual results will be released on SENS on Wednesday 26th April 2017 and shareholders are invited to dial in on the results presentation webcast on the day at 11:00am using the url www.corpcam.com/Vunani26042017 and conference call details as follows: Telkom 010 201 6800 or Toll Free 0800 200 648 or Neotel 011 535 3600. Or for further details contact the company?s IR Adviser Jacques de Bie at Singular Systems IR on 082 691 5384
22-Feb-2017
(Official Notice)
06-Oct-2016
(C)
Vunani released their first interim results for the period ended August, since changing their year end to February. Revenue from continuing operations for the interim period came in at R75 million. Results from operating activities was R19.5 million, profit for the period attributable to equity holders of Vunani was recorded at R14.7 million, while headline earnings per share from continuing operations was 11.5 cents per share.



Prospects

Vunani?s executive is exploring a number of interesting opportunities to further grow the business and enhance shareholder value. The focus on the operating businesses is a key strategy to solidify the group as a formidable financial services player and ultimately ensure the long- term success of Vunani. It is therefore critical that these businesses are run by high-calibre staff who are strong leaders. Vunani is positive about the growth that it has seen in the current financial period and expects that the momentum created in the first six months can be maintained into the second half of the year.
27-Sep-2016
(Official Notice)
Shareholders are advised that Vunani is in the process of finalising its results for the six months ended 31 August 2016 and anticipates that it will report basic earnings per share of between 12.9 cents and 13.5 cents (6 months to June 2015: 3.1 cents basic earnings per share).



Vunani anticipates that it will report headline earning per share of between 11.1 cents and 11.7 cents (6 months to June 2015: 3.0 cents headline earnings per share).



The financial information on which this trading update is based has not been reviewed or reported on by the company`s auditors. The company`s results for the six months ended 31 August 2016 will be published on SENS on the 6th of October 2016.





16-Sep-2016
(Official Notice)
At the annual general meeting of Vunani held on Tuesday 30 August 2016, the requisite majority of shareholders approved an ordinary resolution authorising the directors of the company to issue up to 50% of the Company?s issued share capital for cash in accordance with paragraph 5.52 of the Listings Requirements of the JSE Ltd. (the ?JSE LR?).



Shareholders are advised that Vunani issued 30 040 389 ordinary shares at 160 cents per share to Geomer Investments (Pty) Ltd., who subsequently owns 20% of the company. The general issue was implemented at a 0.5% premium to the 30 day volume weighted average traded price of Vunani for the 30 days preceding the date that the price of the issue, under the general authority, was agreed.



Shareholders are further advised that Vunani also issued 1 875 000 ordinary shares at 160 cents per share on 6 September 2016 to AI Management Advisory and Investments (Pty) Ltd. This general issue was implemented at a 0.5% premium to the 30 day volume weighted average traded price of Vunani for the 30 days preceding the date that the price of the issue, under the general authority, was agreed. The total gross proceeds of R51 064 622.40 will be applied to take advantage of growth opportunities as well as optimise existing businesses within the group.



In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 as amended ("the Act"), and section 3.83(b) of the JSE Ltd. Listings Requirements, holders of ordinary shares in the Company are advised that following the above general issue of shares for cash, Geomer Investments (Pty) Ltd. has acquired an indirect beneficial interest in the ordinary shares of the Company ("the securities"), such that the beneficial interests in the securities of the Company amount to 20% of the total number of shares in issue.



Vunani hereby confirms that it will receive the required notices from Geomer Investments (Pty) Ltd. in terms of Section 122(1) of the Act and as required in terms of section 122(3)(a) of the Act, Vunani will file the required notices with the Takeover Regulation Panel within the required time period.
31-Aug-2016
(Official Notice)
Shareholders are advised that the annual general meeting of shareholders of the company was held on Tuesday, 30 August 2016. In an introductory statement, the chairmen summarised that the 2015/16 year presented challenging economic and trading conditions globally and specifically in Southern Africa. Despite these difficult conditions and the prevailing volatility, Vunani saw exciting developments and accomplishments across the group, some of which are highlighted below:

- As detailed in the integrated report, performance for the 14 months was pleasing overall, as was evidenced by the Group returning to profitability. We are also happy to report that post the first quarter of the new financial year the group?s trading is on track with expectations as planned. A primary reason for this is due to the development and strengthening of Vunani?s business leadership team. It takes time and attention to detail to build an effective team.

- The Board and management firmly believe that we now have the right people in the right leadership roles across the organisation. Additionally, an employee share incentive scheme to retain our talent and to align the economic interests and performances of individuals, with those of the group and its shareholders, was successfully implemented. However, the CEO and his leadership team will continue to strive for further improvement and management of margins and to leverage the organisational structure for sustainable growth, both locally and on the continent.

- The strategic acquisition and bedding down of Fairheads, acquired in May 2015, was another major achievement during the period. This platform has been well integrated and their contribution to the overall business and the financial results was particularly pleasing. It also continues to play a key strategic role in our growth plans for the year ahead which includes organic growth and acquisitive growth where it is value-enhancing for shareholders.



Vunani has laid a solid foundation for achieving its strategic goals. It has the building blocks to remain on course as a competitive financial force across southern Africa. In terms of the proposed ordinary and special resolutions, all resolutions as set out in the notice of annual general meeting contained in the integrated report which was posted to shareholders on 1 August 2016, were passed by the requisite majority of shareholders present and voting, in person or by proxy.
29-Aug-2016
(Official Notice)
Shareholders are referred to the company?s announcements released on the Stock Exchange News Service (?SENS?) dated 1 August 2016 and 25 August 2016, relating to the declaration of a fully paid capitalisation share issue award for the 14 months ended 29 February 2016, by way of the issue of fully paid Vunani ordinary shares in the ratio of 4 ordinary shares of no par value for every 100 ordinary shares of no par value held, to ordinary shareholders recorded in the Vunani register on the record date, being Friday, 26 August 2016 (?capitalisation share issue award?).



As an alternative, ordinary shareholders was entitled to elect to receive a gross cash dividend of 6 cents per share in respect of all or part of their shareholdings, which will be paid to those shareholders who elect to receive the cash dividend, on the record date, Friday 26 August 2016 (?cash dividend alternative?).



Ordinary shareholders representing 7.31% (or 8 379 606) of ordinary shares elected to receive the cash dividend, resulting in a total dividend paid of R502 776.36 with the balance of ordinary shareholders receiving the capitalisation share issue award, for which 4 251 396 ordinary shares are to be issued, being approximately 3.71% of the current issued ordinary share capital of the Company. The maximum number of 4 586 679 ordinary shares were listed on Wednesday, 24 August 2016, and accordingly 335 283 ordinary shares will be delisted in due course.
25-Aug-2016
(Official Notice)
01-Aug-2016
(Official Notice)
01-Aug-2016
(Official Notice)
Shareholders are advised that the company?s integrated annual report including the audited annual financial statements for the 14 month period ended 29 February 2016 and the notice of annual general meeting have been distributed to shareholders today, 1 August 2016. The audited annual financial statements are unchanged from the reviewed provisional results published on SENS on 24 May 2016.



Notice is hereby given that the annual general meeting of shareholders of the company will be held on Tuesday, 30 August 2016 at 11h30 in the boardroom, 151 Katherine Street, Vunani Office Park, Vunani House, Sandton to transact the business as stated in the notice of annual general meeting forming part of the company's integrated annual report. The record date, for purposes of determining which shareholders are entitled to receive the notice of annual general meeting was Friday, 22 July 2016. The last day to trade and the record date, in order for shareholders to be eligible to participate in and vote at the annual general meeting is Tuesday, 23 August 2016 and Friday, 26 August 2016, respectively.



The integrated annual report will be made available on the company?s website hosted at www.vunanilimited.co.za.
24-May-2016
(C)
Vunani released final results for the 14 month period ended 29 February 2016 following the change of year end from December to February. For that reason, there are no comparative figures. Revenue from continuing operations was recorded at R154.2 million and results from operating activities came in at R6.6 million. Profit for the period attributable to equity holders of Vunani was R6.8 million. Furthermore, headline earnings per share from continuing operations was 5.9 cents per share.



Dividends proposed

It is proposed that a scrip capitalisation share distribution with a cash alternative be declared in the ratio of 4 shares for every 100 shares held, with the alternative being a 6c cash payment per share. This is subject to a circular being submitted to and approved by the JSE. A formal dividend declaration will be made once the requisite approvals have been obtained.



Prospects

Vunani has been fortunate in that it has seen steady deal-flow and promising opportunities despite subdued market conditions. Vunani expects domestic securities markets to look through the expected 2016 slump in the economy and focus beyond the inflation peak to be reached by late this year. The prospect of improved business conditions into 2017 should also bring the concomitant opportunity for organic growth to the respective Vunani businesses, as the envisaged economic recovery gains traction. Organic growth and effective management of margins remains central to our plans, yet Vunani remains vigilant and open to all opportunities on a case-by- case basis to evaluate if they are value enhancing for shareholders. The group?s emphasis remains on the development and growth of the operating businesses through strong leadership and a first-rate product offering. The strategic partnerships and alliances that have been formed, both locally and on the African continent, are expected to make a meaningful contribution to the group and its ability to produce sustainable earnings.



19-May-2016
(Official Notice)
Shareholders are advised that Vunani is in the process of finalising its results for the 14 month period ended 29 February 2016. Vunani anticipates that it will report headline earnings per share of between 4.6 cents and 7.0 cents (12 months to 31 December 2014: 27.5 cents headline loss per share), being an increase of between 117% and 125%.



Vunani anticipates that it will report basic earnings per share of between 5.0 cents and 7.4 cents (12 months to 31 December 2014: 54.6 cents basic earnings per share), being a decrease of between 86% and 91%. The decrease is primarily attributable to the fact that at 31 December 2014, a substantial profit was reported as a result of the disposal of the group?s property asset management business, which was reflected as a discontinued operation.



The financial information on which this trading update is based has not been reviewed or reported on by the company`s auditors. The company`s results for the 14 months ended 29 February 2016 will be published on SENS on 24 May 2016.



Shareholders and investors will be able to dial in to a webcast on the day.



29-Feb-2016
(C)
Revenue from continuing operations increased to R131.3 million (R115.0 million). Results from operating activities came in at R0.4 million (loss of R26.9 million). Profit attributable to equity holders lowered to R6.1 million (R56.0 million). Furthermore, headline earnings per share from continuing operations improved to 5.9cps (loss of 24.7cps).



Prospects

Vunani has been fortunate in that it has seen steady deal-flow and promising opportunities despite subdued market conditions. The group?s emphasis is on the development and growth of the operating businesses through strong leadership and a first-rate product offering. The strategic partnerships and alliances that have been formed, both locally and on the African continent, are expected to make a meaningful contribution to the group and its ability to produce sustainable earnings.
11-Feb-2016
(Official Notice)
Shareholders are advised that Vunani is in the process of finalising its results for the year ended 31 December 2015. Vunani anticipates that it will report headline earnings per share of between 5.3 cents and 7.3 cents (2014: 27.5 cents headline loss per share), being an increase of between 119% and 127%.



Vunani anticipates that it will report basic earnings per share of between 5.3 cents and 7.3 cents (2014: 54.6 cents basic earnings per share), being a decrease of between 87% and 90%. The decrease is primarily attributable to the fact that at 31 December 2014, a substantial profit was reported as a result of the disposal of the group?s property asset management business, which was reflected as a discontinued operation.



The financial information on which this trading update is based has not been reviewed or reported on by the company`s auditors. The company`s results for the twelve months ended 31 December 2015 will be published on SENS before the end of March 2015.





04-Feb-2016
(Permanent)
Vunani has changed their year-end from December to February going forward.
04-Feb-2016
(Official Notice)
Shareholders are hereby advised that a decision was taken during 2015 to change the financial year- end of Vunani Limited and its subsidiaries (?Vunani Group?) from 31 December to the last day of February.



The change was primarily motivated by Vunani?s acquisition of an effective interest of 70% in Fairheads International Holdings Proprietary Limited (?Fairheads?) in May 2015, which has a February year-end. Financial reporting standards requires that all companies in the group have the same reporting period.



In order to streamline the year-end and financial reporting processes, the decision was taken to align all companies in the group to a February reporting period. All the requisite approvals have been obtained for the change in financial reporting period. The JSE Listings Requirements require that in the instance where the financial year-end of a company has been changed and this results in the financial period being longer than twelve months, reviewed interim reports are to be published and distributed in respect of the twelve-month period commencing on the first day of such financial period. Accordingly, Vunani is in the process of preparing an interim report for the period 1 January 2015 to 31 December 2015. This report is expected to be released at the end of February 2016.



The reviewed condensed preliminary financial statements for the period 1 January 2015 to 29 February 2016 will be released by end of May 2016 and these will incorporate the results for the 14 month period ending 29 February 2016.

18-Aug-2015
(C)
Revenue from continuing operations rose to R58.6 million (R54.0 million). Results from operating activities turned around to R0.5 million (loss of R10.7 million). Profit attributable to equity holders came in at R3.2 million (loss of R8.7 million). In addition, headline earnings per share improved to 2.9cps (loss of 10.1cps).



Dividends paid

A gross ordinary dividend of 5.5 cents per share (2014: 5 cents and a gross special dividend of 25 cents per share) was declared out of income reserves on 30 March 2015 and paid to ordinary shareholders on 28 April 2015.



Prospects

The group?s focus remains on building the operating businesses through strong leadership and a high-quality product offering. The strategic partnerships and alliances that have been formed, both locally and on the African continent, will boost the group?s ability to produce sustainable growth in earnings.



Despite the slowdown of South Africa?s economic growth, Vunani has experienced steady deal-flow and management is cautiously optimistic that this will have a positive impact in the second half of the year.
07-Aug-2015
(Official Notice)
Shareholders are advised that Vunani is in the process of finalising its results for the six months ended 30 June 2015 and anticipates that it will report basic earnings per share of between 1 cent and 9.9 cents (2014: 68.5 cents basic earnings per share) being a decrease of between 86% and 99%. The variance in earnings per shares when comparing the results for the period ended 30 June 2014 to the period ended 30 June 2015 is attributable to the fact that at 30 June 2014, a substantial profit was reported as a result of the disposal of the group?s property asset management business, which was reflected as a discontinued operation.



Vunani anticipates that it will report headline earning per share of between 1.2 cents and 4.8 cents (2014: 18.4 cents headline loss per share) being an increase of between 107% and 126%.



The company`s results for the six months ended 30 June 2015 will be published on SENS before the end of August 2015.
21-Jul-2015
(Official Notice)
Shareholders are advised that at the general meeting of shareholders of the company held today Tuesday, 21 July, all the proposed ordinary and resolutions, as set out in the notice of general meeting contained in the circular which was posted to shareholders on 22 June 2015, were passed by the requisite majority of shareholders present and voting, in person or by proxy.
21-Jul-2015
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders of the company held on Tuesday, 21 July, all the proposed ordinary and special resolutions, as set out in the notice of annual general meeting contained in the integrated report which was posted to shareholders on 22 June 2015, were passed by the requisite majority of shareholders present and voting, in person or by proxy.



Details of the results of voting at the general meeting are as follows:

*Total number of issued ordinary shares: 114 664 648

*Total number of issued ordinary shares net of treasury shares (?Total Votable Ordinary Shares?): 109 300 235

*Total number of issued ordinary shares which were present/represented at the general meeting: 83 733 692 being 76.6% of the Total Votable Ordinary Shares.
22-Jun-2015
(Official Notice)
Shareholders are advised that a circular was posted today 22 June 2015, containing details of the adoption of a Conditional Share Plan, and which includes a notice that a general meeting of shareholders will be held on Tuesday, 21 July 2015 at 10:30, at the Company?s registered office, at 151 Katherine Street, Vunani Office Park, Vunani House, Sandton.



The salient dates are as follows:

*Record date to determine which shareholders are eligible to receive the circular Friday, 12 June 2015

*Last day to trade in order to be eligible to participate and vote at general meeting -- Friday, 3 July 2015

*Record date to participate and vote at the general meeting -- Friday, 10 July 2015

*Last day for receipt of forms of proxy for the general meeting by no later than 10h30 on Friday, 17 July 2015

*General meeting to be held at 10h30 on Tuesday, 21 July 2015

*Results of the general meeting released on SENS on Tuesday, 21 July 2015
22-Jun-2015
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 31 December 2014, which are included in the company's integrated annual report for that year, have been dispatched to shareholders, 22 June 2015. The audited annual financial statements are unchanged from the reviewed results published on SENS on 30 March 2015, apart from the changes detailed in the relevant SENS note.



No other modifications or reclassifications have been made to the audited annual financial statements. The integrated annual report will also be made available on the company?s website hosted at www.vunanilimited.co.za, as well as at the company?s registered offices at 151 Katherine Street, Vunani Office Park, Vunani House, Sandton.



Notice of Annual General Meeting

Notice is hereby given that the annual general meeting of shareholders of the company will be held on Tuesday, 21 July 2015 at 10h00 in the boardroom, 151 Katherine Street, Vunani Office Park, Vunani House, Sandton to transact the business as stated in the notice of annual general meeting forming part of the company's integrated annual report.



Change in Company Secretary

Shareholders are advised that CIS Company Secretaries (Pty) Ltd. has been appointed as Company Secretary with effect from 22 June 2015.



Aphrodite Judin, the group chief financial officer who has been fulfilling the role of company secretary for the group, will retain her role as full time group chief financial officer.
04-May-2015
(Official Notice)
Shareholders are referred to the announcements released on SENS on 12 March 2015,26 March 2015 and 30 April 2015 (?SENS Announcements?) relating to the acquisition by Mandlalux (Pty) Ltd. (?the Purchaser?), a subsidiary of Vunani, of 100% of the shares of Fairheads International Holdings (SA) (Pty) Ltd. (?Fairheads?) for a total purchase consideration of R210 million (?Purchase Consideration?) (?the Transaction?).



Shareholders are advised that the Transaction has become unconditional as all the conditions precedent have now been fulfilled.
30-Apr-2015
(Official Notice)
Shareholders are referred to the announcements released on SENS on 12 March 2015 and 26 March 2015 (?SENS Announcements?) relating to the acquisition by Mandlalux (Pty) Ltd. (?the Purchaser?), a subsidiary of Vunani, of 100% of the shares of Fairheads International Holdings (SA) (Pty) Ltd. (?Fairheads?) for a total purchase consideration of R210 million (?Purchase Consideration?) (?the Transaction?).



Shareholders are advised that at the general meeting of shareholders of the company held today Thursday, 30 April, all the proposed ordinary resolutions, as set out in the notice of general meeting contained in the circular which was posted to shareholders on 26 March 2015, were passed by the requisite majority of shareholders present and voting, in person or by proxy.
30-Mar-2015
(C)
Revenue from continuing operations increased to R115 million (R108 million). Results from operating activities declined to a loss of R26.9 million (profit of R6.9 million). Net attributable profit increased to R56 million (R9.9 million). In addition, headline loss per share from continuing operations amounted to 24.7cps (headline earnings of 6.2cps).



Dividends

Notice is hereby given that a gross ordinary dividend of 5.5cps has been declared out of income reserves on 30 March 2015 and are payable to ordinary shareholders in accordance with the following timetable.



Prospects

The group?s focus remains on building the operating businesses through strong leadership and a high-quality product offering. The strategic partnerships and alliances that have been formed, both locally and on the African continent, will boost the group?s ability to produce sustainable growth in earnings. Despite the slowdown of South Africa?s economic growth, Vunani has experienced increased deal-flow. Management is optimistic that this will result in an improvement in the group?s earnings.
27-Mar-2015
(Official Notice)
Shareholders are referred to the trading update published by the company on 20 March 2015 and advised that Vunani anticipates that it will still report basic earnings per share of between 53.9 cents and 55.9 cents (2013: 9.9 cents basic earnings per share), being an increase of between 444% and 465%. However, it now expects that the headline loss per share will be between 27.3 cents and 27.8 cents (2013: 2.5 cents headline loss per share), being a decrease of between 992% and 1 012%.



The company`s results for the twelve months ended 31 December 2014 will be published on SENS before the end of March 2015.
26-Mar-2015
(Official Notice)
20-Mar-2015
(Official Notice)
Shareholders are advised that Vunani is in the process of finalising its results for the year ended 31 December 2014 and anticipates that it will report basic earnings per share of between 53.9 cents and 55.9 cents (2013: 9.9 cents basic earnings per share), being an increase of between 442% and 462% and a headline loss per share of between 26.4 cents and 26.9 cents (2013: 2.5 cents headline loss per share), being a decrease of between 1 140% and 1 160%. In arriving at a headline loss for the period, the realised profit on discontinued operations is adjusted out of earnings. The fluctuation between positive earnings per share and negative headline earnings per share is mainly attributable to this adjustment.



The financial information on which this trading update is based has not been reviewed or reported on by the company`s auditors. The company`s results for the twelve months ended 31 December 2014 will be published on SENS before the end of March 2015.
12-Mar-2015
(Official Notice)
20-Nov-2014
(Official Notice)
In accordance with paragraph 3.59 of the Listings Requirements of the JSE Ltd., shareholders are advised that Mr. Sithembiso Nkululeko Mthethwa ("Sithembiso") has been appointed as an independent non-executive director to the Vunani board with effect from 19 November 2014.



Sithembiso holds a BCom(Maritime Economics)qualification and is the co-founder and chief executive of Mion Holdings (Pty) Ltd. ("Mion"). He has over 20 years experience in the maritime industry having worked in various ports in South Africa, Europe and Far East.



He is also the co-founder of some of South Africa's leading marine and shipping companies, namely Southern Tankers and Smit Amandla Marine (Pty) Ltd. ("SAM"). Since 2006, he has been actively involved in the venture capital sector wherein he has overseen the establishment, funding, nurturing and disposal of several highly successful private companies including Gold Circle KZN Slots, Track n Ball, Rennies Freightbulk and Elgin Engineering.



Vunani welcomes Sithembiso to the board and looks forward to his contribution to the growth and success of the Vunani group of companies.
27-Oct-2014
(Official Notice)
The board of directors of Vunani advised shareholders that Mion Holdings (Pty) Ltd. ("Mion") has subscribed for 6 250 000 ordinary shares in Vunani at a cash price of R1.60 per share amounting to 5.45% of the company's current shares in issue. This issue of shares for cash is made in accordance with the general authority granted to directors to allot and issue ordinary shares, as approved by shareholders at the annual general meeting of the company held on 18 July 2014, (the "General Issue of Shares for Cash")



Details of the general issue of shares for cash

The general issue of shares for cash represents 5.45% of current shares in issue. The cash price of R1.60 per share was agreed between the parties on 14th October 2014 and there is no discount to the 30-day VWAP price as at the 13th October 2014.



Rationale for the general issue of shares for cash

Mion is a BEE company that was established in 2003. Mion is an active investment holding company with investments across various sectors including:

* Marine - shipping

* Engineering - Manufacturing

* Gaming

* Energy

* Industrials (Phosphate and Gold mining)



Mion has a long history of working with Vunani and understands and shares the company's vision. The general issue of shares for cash will result in a closer alignment of Vunani and Mion?s interests, which will enhance the development and growth of Vunani. The general issue of shares for cash is expected to improve Vunani's BEE shareholding as well as the spread of shareholders to include long-term strategic investors.



Intended use of funds from the general issue of shares for cash

Vunani undertakes investment activities as part of its day-to-day activities. The cash received from Mion for the general issue of shares will form part of Vunani's cash resources that have been earmarked to fund future investment opportunities.
26-Aug-2014
(C)
Revenue from continuing operations increased to R54.0 million (R46.3 million). Results from operating activities was a loss of R10.7 million (profit of R11.9 million). Profit attributable to equity holders shot up to R68.8 million (R9.3 million). Furthermore, headline loss per share from continuing operations came in as 10.1cps (earnings of 7.9cps).



Prospects

The group's focus remains on building the operating businesses through strong leadership and a high-quality product offering. The strategic partnerships and alliances that have been formed, both locally and on the African continent, will boost the group's ability to produce sustainable growth in earnings



Despite the slowdown of South Africa's economic growth, Vunani has experienced increased deal-flow. Management is optimistic that this will result in an improvement in the group's earnings.
21-Aug-2014
(Official Notice)
Vunani advised shareholders that the Vunani board of directors has approved the appointment of Mr Butana Khoza as the Chief Executive Officer of Vunani Fund Managers (Pty) Ltd. ("VFM"), the major operating subsidiary within Vunani's asset management segment. As a result of Mr Khoza's redeployment, his responsibilities as managing director of Vunani have been redistributed between the remaining executives and, as such, the role of managing director has fallen away.



Mr Khoza will continue to serve in his capacity as an executive director on the Vunani board of directors.
20-Aug-2014
(Official Notice)
Shareholders are advised that Vunani is in the process of finalising its results for the six months ended 30 June 2014 and anticipates that it will report basic earnings per share of between 67.5 cents and 69.3 cents (2013: 9.3 cents basic earnings per share) and headline loss per share of between 17.8 cents and 19.2 cents (2013: 7.2 cents headline earnings per share).



The increase in basic earnings per share is attributable to the disposal of the property asset management business, which was concluded during the period. The movement in headline earnings is mainly attributable to fair value adjustments. The financial information on which this trading update is based has not been reviewed or reported on by the company's auditors. The company's results for the six months ended 30 June 2014 will be published on SENS before the end of August 2014.

18-Jul-2014
(Official Notice)
Vunani shareholders are advised that at the Annual General Meeting of the company held, all the resolutions put to the AGM were duly approved by the requisite majority.
19-Jun-2014
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 31 December 2013, which are included in the company's integrated annual report for that year, have been dispatched to shareholders on 19 June 2014. The audited annual financial statements are unchanged from the reviewed results published on SENS on 24 March 2014.



Notice is hereby given that the annual general meeting of shareholders of the company will be held on Friday, 18 July 2014 at 10h00 in the boardroom, 151 Katherine Street, Vunani Office Park, Vunani House, Sandton to transact the business as stated in the notice of annual general meeting forming part of the company's integrated annual report.
21-May-2014
(Official Notice)
Vunani advised shareholders of the resignation of Mr Willy Ross as an independent non-executive director and as chairman of the board with immediate effect.



Shareholders are further advised that Mr Lionel Isaac Jacobs, will assume the role of chairman of the Vunani board with immediate effect. In addition, he will chair the nominations committee and serve as a member of the remuneration and investment committees.
14-Apr-2014
(Official Notice)
Mr Lionel Isaac Jacobs ("Lionel") has been appointed as an independent non-executive director to the Vunani board with effect from 14 April 2014.
02-Apr-2014
(Official Notice)
Shareholders are referred to Vunani?s Reviewed Preliminary Condensed Consolidated Results for the Year Ended 31 December 2013 published on SENS on 24 March 2014, wherein the company declared a special dividend. The payment of the special dividend was subject to the South African Reserve Bank?s approval, which approval has now been obtained. The payment of the special dividend is therefore unconditional and will be paid in terms of the timetable set out in the aforementioned SENS announcement.



24-Mar-2014
(C)
20-Mar-2014
(Official Notice)
Shareholders are advised that Vunani is in the process of finalising its results for the year ended 31 December 2013 and anticipates that it will report basic earnings per share of approximately 9.9 cents (2012: 0.2 cents basic loss per share) and headline earnings per share of approximately 2.5 cents (2012: 11.2 cents headline loss per share).



The company's results for the year ended 31 December 2013 will be published on SENS before the end of March 2014.
03-Mar-2014
(Official Notice)
Shareholders are referred to previous announcements that relate to the sale of Vunani Property Asset Management?s (VPAM) business to Texton Property Investments Pty Ltd (Texton). VPAM is a wholly owned subsidiary of Vunani Properties Pty Ltd (Vunani Properties), which is 78% held by Vunani Limited. VPAM?s sole business activity is the provision of property asset management services to Vunani Property Investment Fund Ltd (VPIF). The transaction includes the transfer of the asset management agreement and the transfer of employment contracts to Texton. We are pleased to announce that all the suspensive conditions relating to Sale of Business Agreement, dated 9 November 2013 were fulfilled on Friday the 28th February 2014.



Changes to the board

Shareholders are advised that with effect from 1 March 2014, Evelyn Chimombe-Munyoro has resigned from both the board of Vunani Ltd and the employ of the Vunani Ltd group. The remaining board would like to thank Ms Chimombe-Munyoro for her contribution over the last eight years and wishes her all the very best in her new endeavours.

13-Jan-2014
(Official Notice)
All the resolutions tabled at the general meeting of the company's shareholders held on 13 January 2013 were approved by the requisite majority.
09-Dec-2013
(Official Notice)
Shareholders are advised that a circular, containing:

* details relating to the disposal of the business in Vunani Property Asset Management (Pty) Ltd. to Texton Property Investments (Pty) Ltd. ; and

* a notice of a general meeting of shareholders of the company to be held at the company's offices, Vunani House, Vunani Office Park, 151 Katherine Street, Sandown, Sandton on Monday, 13 January 2013 at 08:00, was posted to them on 9 December 2013.



The following dates should be noted:

* Record date for the distribution of the circular: Friday, 29 November 2013

* Last day to trade in order to be eligible to participate and vote at the general meeting: Tuesday, 24 December 2013

* Record date for determining those shareholders entitled to vote at the general meeting: Friday, 3 January 2014

* Last day for receipt of forms of proxy for the general meeting: By 08:00 on Thursday, 9 January 2014 to the transfer secretaries or they may be handed to the Chairman of the meeting at any time prior to the commencement of voting on the ordinary resolutions tabled at the general meeting.
11-Nov-2013
(Official Notice)
Having regard to the financial information of the disposal by Vunani's subsidiary, the cautionary announcement is hereby withdrawn.



11-Nov-2013
(Official Notice)
02-Oct-2013
(Official Notice)
Shareholders were referred to the previous cautionary announcements dated 24 May 2013, 8 July 2013 and 20 August 2013, and are advised that Vunani remains in discussions which could have a material effect on the price of its securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
20-Aug-2013
(Official Notice)
Shareholders are referred to the cautionary announcement published on SENS on 24 May 2013 and the subsequent renewal of cautionary announcement published 8 July 2013, whereby shareholders were advised that the negotiations referred to therein are ongoing. If these negotiations are successfully concluded, it may have a material effect on the price of Vunani's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company?s securities until a further announcement is made.
06-Aug-2013
(Official Notice)
Vunani shareholders were referred to the unaudited condensed consolidated results released on SENS earlier today, 6 August 2013, and the subsequent publication of an amended announcement. Vunani would like to notify shareholders that the amendments related to errors in the net asset value per share and tangible net asset per share values as originally presented. This error was rectified in the amended announcement. No other changes were made.
06-Aug-2013
(C)
Revenue remained stable at R51.2 million (June 2012: R51.2 million). Results from operating activities decreased to R13.9 million (June 2012: R29.1 million). Net attributable profit was lower at R9.3 million (June 2012: R15 million). In addition, headline earnings per share decreased to 7.2cps (June 2012: headline earnings per share of 19.3cps).



Dividends

No dividends were declared or paid to shareholders during the year under review (2012: R nil).



Prospects

Notwithstanding the significant strides made by the group in the last 3 reporting periods, the state of global markets and their impact on domestic trading conditions continue to be challenging. However the board has confidence in management?s ability to find opportunities that are value accretive to shareholders. Good progress has been made in building and strengthening the business platforms and they are poised to make more meaningful contributions to the group in the future.



29-Jul-2013
(Official Notice)
Shareholders were advised that Vunani is in the process of preparing its results for the six month period ended 30 June 2013 and anticipates that it will report basic earnings per share of between 7.9 cents and 10.7 cents (2012: 14.2 cents) and headline earnings per share of between 5.3 cents and 9.1 cents (2012: 19.3 cents).



The company's results for the six months ended 30 June 2013 will be published on SENS before the end of September 2013.
10-Jul-2013
(Official Notice)
Vunani shareholders were advised that at the Annual General Meeting of the company held today, 10 July 2013, all the resolutions put to the Annual General Meeting were duly approved by the requisite majority.
08-Jul-2013
(Official Notice)
Shareholders referred to the cautionary announcement published on SENS on 24 May 2013 and were advised that the negotiations referred to therein are ongoing. If these negotiations are successfully concluded, it may have a material effect on the price of Vunani's securities. Accordingly, shareholders were advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
14-Jun-2013
(Official Notice)
Shareholders are advised that Dr Xolile Pallo Guma has been appointed as an independent non-executive director to the Vunani board with effect from 1 July 2013.
24-May-2013
(Official Notice)
Shareholders were advised that Vunani has entered into negotiations which, if successfully concluded, may have a material effect on the price of its securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
21-May-2013
(Official Notice)
Shareholders were advised that the audited annual financial statements for the year ended 31 December 2012, which are included in the company's integrated annual report for that year, have been dispatched to shareholders today, 21 May 2013. The audited annual financial statements are unchanged from the reviewed results published on SENS on 25 March 2013.



Notice was given that the annual general meeting of shareholders of the company will be held on Wednesday, 10 July 2013 at 10h00 in the boardroom, Vunani House, 151 Katherine Street, Sandton to transact the business as stated in the notice of annual general meeting forming part of the company's integrated annual report.
12-Apr-2013
(Official Notice)
Shareholders were advised that a subsidiary of the company, Vunani Properties (Pty) Ltd. ("Vunani Properties") has entered into an agreement with Greenstone Hill Office Park (Pty) Ltd. ("GHOP"), Barrow Properties (Pty) Ltd., the Trustees of the Task Trust and Vunani Property Investment Fund Ltd. ("VPIF") in terms of which Vunani Properties will sell its 40% shareholding in GHOP to VPIF for a cash consideration of R34 504 112 ("the transaction"). VPIF intends to settle the purchase consideration via the proceeds raised from a rights offer. The proceeds of the transaction will be utilised to support the growth of the operations of the group.



Business carried on by Greenstone

Greenstone owns and manages 8 commercial properties in the sectional title schemes known as Greenstone Hill Office Park SS1149/2008 and SS599/2009, and associated use areas, situated in the fast-growing node known as Greenstone Hill on the East Rand of Gauteng.



Rationale for the transaction

GHOP was established in 2007 to develop a commercial office park. The development was completed and fully tenanted in 2012. On completion of the development, GHOP became an asset that could be made available for sale to interested buyers. All of the shareholders of GHOP have agreed to accept an offer to acquire their shares in GHOP.



Financial effects of the transaction

Reviewed Before and Unaudited Pro forma After the transaction

*LPS (cents) -- (0.2); (7.2)

*HLPS (cents) -- (11.2); (12.6)

*NAVPS (cents) -- 191.2; 195.3

*NTAVPS (cents) -- 158.3; 162.4

*Weighted average number of shares in issue ('000s) -- 100 622

*Actual shares in issue at end of period ('000s) -- 105 415



Conditions precedent

The transaction is conditional upon, inter alia, the following:

*the approval by the competition authorities in terms of the Competition Act;

*the requisite approval of VPIF unitholders in general meeting;

*VPIF raising the requisite funding; and

*the transfer of the properties and the shares in Greenstone.



Effective date

The effective date of the transaction will be the date of registration of transfer of ownership of the shares in GHOP and the properties which is expected on or about 30 June 2013.



Categorisation of the transactions

The transaction is categorised as a Category 2 transaction in terms of the JSE Ltd. Listings Requirements.
25-Mar-2013
(C)
Revenue for the year rose to R107.9 million (R106.8 million) and results from operating activities were greater at R61.9 million (R34.3 million). Loss from continuing operations narrowed to R0.2 million (loss of R21.8 million). Headline loss per share improved to 11.2cps (loss of 28.0cps).



Dividend

No dividends were declared or paid to shareholders during the period under review (2011: R nil).



Prospects

Going forward, the board and management will focus on growing our operating businesses, in particular fund management, advisory, securities trading and private clients. The interlinked nature of these platforms allows a variety of opportunities to add complimentary businesses, both in South Africa and eventually across the sub-continent.



The prudent and successful management of these businesses remains at the core of our strategy to create value for clients while ultimately unlocking value for shareholders. But does this mean Vunani will stop investing? The short answer to this is no. Having learned from the past, we will only select investments where we can add value, even if these investments fall outside of the financial services sector. As the group is ultimately controlled by its senior management, shareholders' interests are closely aligned with those of management. The senior management team remains committed to actively looking for opportunities to grow its business operations and unlock shareholder value.
22-Mar-2013
(Official Notice)
Vunani has a 48% interest in Integrated Managed Investments (Pty) Ltd. ("IMI"), a boutique asset management company focusing on private client discretionary portfolios, trusts, charities and pension funds. The balance of the shares in IMI are held by IMI's executive management.



Details of transaction

Vunani has agreed to the sale of its 48% holding in IMI to Steve Stapleton-Smith and John Slauck, who acquired the 48% shareholding in IMI from Vunani in equal proportions, for a total cash consideration of R10.2 million ("the transaction"). The effective date of the transaction was 28 February 2013. The proceeds shall be retained within the group and enhance the group's available cash resources. The transaction is not subject to any unfulfilled conditions precedent.



Pro forma financial effects of the transaction

The unaudited pro forma financial effects have been compiled from the unaudited condensed consolidated results of the Company for the six months ended 30 June 2012 and are presented in a manner consistent with the format and accounting policies adopted by the Company and have been adjusted as described in the notes set out below.

Before - after:

* EPS (cents): 14.2 - 13.5

* HEPS (cents): 19.2 - 18.4.
14-Mar-2013
(Media Comment)
Business Day reported that Vunani has acquired a 31% shareholding in insurer C4Life. The acquisition is part of Vunani's plan to increase its investments in financial services. Vunani did not make public the amount it paid for the shares in C4Life. Vunani CEO Ethan Dube commented that C4Life had an opportunity to expand into the short-term insurance market.
12-Mar-2013
(Official Notice)
Shareholders were advised that Vunani is in the process of finalising its results for the year ended 31 December 2012 and anticipates that it will report basic loss per share of between 0.05 cents and 1.0 cents (2011: 22.3 cents basic loss per share) and headline loss per share of between 10.8 cents and 16.4 cents (2011: 28.0 cents headline loss per share). The company's results for the year ended 31 December 2012 will be published on SENS before the end of March 2013.
28-Feb-2013
(Media Comment)
According to Business Day, Vunani acquired nearly 50% stake in a asset management company in Zimbabwe for an unrevealed amount. The acquisition was part of the company's strategy to draw 25% of profits outside South Africa over the next three to five years said Ethan Dube, Vunani CEO. The company acted as an adviser to Zimbabwe's National Indigenisation Economic Empowerment Board and also operates a corporate advisory enterprise known as Vunani Capital Zimbabwe, owning 49% of the entity. Mr Dube added that Zimbabwe gave the company opportunity to mirror some of Vunani's business in South Africa.
14-Dec-2012
(Official Notice)
At the general meeting of shareholders, the resolutions as set out in the notice of general meeting contained in the circular to shareholders dated 16 November 2012, to authorise the company, through its subsidiary Vunani Properties (Pty) Ltd., to dispose of a maximum of up to 6 238 415 linked units in Vunani Property Investment Fund Ltd., were duly approved by the requisite majority.
06-Dec-2012
(Official Notice)
Vunani advised shareholders of the resignation of Dr Bongani Khumalo, as an independent non- executive director, with effect from 31 December 2012.
16-Nov-2012
(Official Notice)
Having regard to the information set out, the cautionary announcement is hereby withdrawn.
16-Nov-2012
(Official Notice)
16-Oct-2012
(Official Notice)
The SENS announcement released on 12 October 2012 provided details regarding the background and rationale for the transaction.



Execution of the transaction

The private placement conducted by Investec Bank Ltd. referred to in the announcement has resulted in a further 9 100 000 Vunani Property Investment Fund Ltd. ("VPIF") units being sold.



Effective date

On 12 October 2012, 9 100 000 VPIF units were sold at a price of 880c per unit for a total value of R80 080 000.



Cautionary

The company expects to dispose of further VPIF units as detailed in the announcement, and as such disposal may have a material affect on the price at which Vunani shares trade, shareholders are advised to exercise caution when dealing in Vunani shares until such time as a further announcement is made.
12-Oct-2012
(Official Notice)
As the company will continue to dispose of further VPIF units as detailed above, and such disposals may have a material effect on the price at which Vunani shares trade, shareholders are therefore advised to exercise caution when dealing in Vunani shares until such time as a further announcement is made.
12-Oct-2012
(Official Notice)
The shareholders of Vunani Properties have passed a resolution approving the sale and unbundling of the VPIF Investment, subject to regulatory approvals (the VPIF Disposal). The VPIF Disposal will be executed through a private placement by an investment bank. The proceeds from the VPIF Disposal will be utilised to repay loans in Vunani Properties, including the Intercompany Loan. The balance will be distributed to shareholders for purposes of settling the Group?s remaining debt obligations with its lenders. Vunani intends to apply the proceeds derived from the VPIF Disposal to reduce its debt obligations. This will result in a substantial portion of the Group?s outstanding debt obligations being settled.



The respective boards of directors of Vunani and Vunani Properties have passed resolutions approving the proposed VPIF Disposal. The board of directors of Vunani has received an irrevocable undertaking from its majority shareholder, Vunani Group (Pty) Ltd., approving the VPIF Disposal. The rationale for the proposed VPIF Disposal is the intended settlement of loans in Vunani Properties including the Intercompany Loan and the substantial reduction of the Group?s debt obligations.



An auction will be conducted by Investec Bank Ltd. The auction has resulted in the private placement of 2 812 903 units to date. The trades will be executed as off market transactions (block trades) through two members of the JSE Ltd. and will settle on a T+5 basis through STRATE.



To date, the following VPIF units have been sold:

*1 612 903 units were sold at 930 cents on 9 October 2012; and

*1 200 000 units were sold at 900 cents on 11 October 2012.

The value of the VPIF Disposal to date is R25 799 978.



As the company will continue to dispose of further VPIF units as detailed above, and such disposals may have a material effect on the price at which Vunani shares trade, shareholders are therefore advised to exercise caution when dealing in Vunani shares until such time as a further announcement is made.
31-Aug-2012
(C)
Revenue increased to R51.2 million (R45.8 million). Gross profit rose to R51.2 million (R45.8 million). Net attributable profit staged a turnaround to R15 million (loss of R14.9 million). In addition, headline and diluted headline earnings per share soared to 19.3c (loss of 25.4cps).



Outlook

The financial and sovereign issues in Europe and the USA mean that the outlook for the global economy is not bright. The real worry however is South Africa's own unique challenges as the country looks for a stimulus for the economy. There are a number of areas that will need to converge to create a positive outlook, among which includes addressing the structural constraints to growth recognised in the government's various growth plans.



Vunani management believes that should investment and infrastructure spending be a key feature in the domestic economy, then the group is very well placed to take advantage of it. As things stand, with the economy forecast to grow by only 2.5 %, business will continue to be a challenge for areas such as the stockbroking broking and corporate finance business. Nevertheless this will be mitigated by growth potential in the fund management and property businesses. Management is committed to the restructuring of outstanding debt which should significantly lower finance costs in the last quarter of the year and remains a priority for management for the second half of the year.
23-Aug-2012
(Official Notice)
Shareholders were advised that the company expects, for the six months ended 30 June 2012, to report basic earnings and diluted basic earnings of between 12.6 cents and 15.8 cents per share. For the six months ended 30 June 2011, the company reported a basic loss and diluted basic loss of 15.8 cents per share (0.32 cents per share adjusted for the effect of a 50:1 share consolidation).



Furthermore, the company expects, for the six months ended 30 June 2012, to report headline earnings and diluted headline earnings of between 16.8 cents and 21.8 cents per share. For the six months ended 30 June 2011, the company reported a headline loss and diluted headline loss of 25.4 cents per share (0.5 cents per share adjusted for the effect of the 50:1 share consolidation).
13-Aug-2012
(Official Notice)
Vunani shareholders were advised that at the annual general meeting of the company, all the resolutions put to the annual general meeting were duly approved by the requisite majority. The special resolutions will be submitted to CIPC for registration.
29-Jun-2012
(Official Notice)
Shareholders were advised that the audited annual financial statements for the year ended 31 December 2011, which are included in the company's integrated annual report for that year, will be dispatched to shareholders on 29 June 2012. There are modifications contained in the audited results when compared to the reviewed results for that year, which were published on SENS on 30 March 2012.



Audit opinion

The group's auditors KPMG Inc. have audited the financial information for the year ended 31 December 2011. Their unmodified audit report is available for inspection at the registered office of the company.



Notice of annual general meeting

Notice was also given that the annual general meeting of shareholders of the company will be held on Monday, 13 August 2012 at 10h00 in the boardroom, Vunani House, 151 Katherine Street, Sandton to transact the business as state din the notice of annual general meeting forming part of the company's annual report that will be distributed on 29 June 2012.
30-Mar-2012
(C)
Revenue increased to R106.8 million (R67.5 million) but operating loss widened to R36 million (loss of R2 million). Total loss and total comprehensive loss attributable to equity holders narrowed to R47.6 million (loss of R95.6 million), while headline loss per share from continuing operations dropped to 0.4cps (loss of 3.0cps).



Dividend

No dividends were declared or paid to shareholders during the year under review.



Prospects

Vunani presents the results for the financial year ended 31 December 2011 against a background of volatility in global markets in 2011. Significant increases in the oil price, rising global inflation and poor consumer demand were the main features of the economic environment. Austerity measures imposed on Greece Italy and Spain squeezed business confidence, with signs of a mild recession creeping into the EU, a significant trading partner with South Africa. Domestically the country did not escape the pervasive negative sentiment, a situation not helped by political developments on the continent related to the "Arab Spring". A season of violent industrial action by NUMSA coupled with Moody`s placing the country on negative watch, threatened to make 2011 a forgettable year. As it turned out a year expected to be dominated by rising interest rates and rising inflation did not materialise. Interest rates remained steady allowing South Africa to achieve modest growth close to 3% and inflation in the upper end of the 6% inflation band. Vunani`s objective for the year was to limit the negative impact of expected interest rate increases on the statement of financial position and reduce debt service costs. Accordingly the group restructured the statement of financial position through asset sales and, where possible, used the proceeds to redeem debt and strengthen the cash generating businesses. The structural changes in the business model mean that the current year`s results are differentiated on the basis of continuing and discontinued operations, in order to separately disclose the impact of businesses that will no longer form the core of Vunani`s activities
26-Mar-2012
(Official Notice)
Shareholders were advised that Vunani is in the process of finalising its results for the year ended 31 December 2011 and anticipates that it will report a basic loss per share of between 0.8 cents and 1.2 cents (2010: 2.2 cents basic loss per share) and a headline loss per share of between 0.4 cents and 0.8 cents (2010: 2.9 cents headline loss per share). The company's results for the year ended 31 December 2011 will be published on SENS before the end of March 2012.
05-Mar-2012
(Permanent)
Vunani undertook a share consolidation of on a 50:1 basis in March 2012.
23-Feb-2012
(Official Notice)
17-Feb-2012
(Official Notice)
Shareholders are referred to the announcement, dated 10 January 2012 and the circular to shareholders of the same date, relating to the conversion and consolidation of the company's share capital. Shareholders are advised that the company is awaiting registration of the special resolutions in respect of the conversion and consolidation of the share capital. The timetable for implementation of the conversion and consolidation set out in the announcement and circular mentioned above is therefore no longer applicable. A further announcement, setting out a revised timetable, will be released as soon as the special resolutions relating to the conversion and consolidation have been registered.
08-Feb-2012
(Official Notice)
The directors advise that, at the general meeting of shareholders held today (8 February 2012), the following special resolutions, as set out in the notice of the general meeting contained in the circular to shareholders, dated 10 January 2011, were duly passed by the requisite majority votes:

1. The conversion of the company`s par value ordinary and preference shares into no par value ordinary and preference shares;

2. The consolidation of the company`s ordinary share capital on a 50:1 basis; and

3. The relevant amendments to the Memorandum of Incorporation to facilitate the conversion and consolidation of the company's share capital.



The special resolutions will be lodged with the Companies and Intellectual Property Commission for registration and a further announcement relating to the salient dates of these corporate actions will be published in due course.
09-Sep-2011
(Official Notice)
Vunani announced that it has established a new business in Zimbabwe called Vunani Capital Zimbabwe, in partnership with Andrew Mari. Vunani Capital Zimbabwe shall provide corporate advisory and investment services to its clients in Zimbabwe and South Africa. Vunani Capital Zimbabwe is owned 49% by Vunani. The balance of the shareholding shall be owned by Andrew Mari and warehoused for employees and other local Zimbabwe investors.



Andrew Mari is a Zimbabwean citizen and until recently has been running his own advisory and investment business in Zimbabwe. Previously, he ran a corporate and project finance boutique in South Africa. He is a seasoned investment banker, having moved to South Africa in the early 1990s to join UAL Merchant Bank. Andrew has been appointed the CEO of Vunani Capital Zimbabwe and will be based in Harare, Zimbabwe.



Vunani was also pleased to announce that Vunani Capital Zimbabwe has been engaged to provide financial advisory services to the National Indigenisation Economic Empowerment Board ("NIEEB"). The NIEEB has been established by the Government of Zimbabwe to facilitate and implement empowerment transactions in that country.
05-Sep-2011
(C)
Revenue increased to R45.8 million (R40.5 million). An operating loss of R15.2 million (profit of R2.2 million). The net attributable loss narrowed substantially of R14.9 million (loss of R94.1 million). In addition, the headline loss and diluted headline loss was 80% smaller at 0.5cps (loss of 2.5cps).



Outlook

While investment banking and advisory revenue is volatile, advisory mandates in progress are expected to improve on the situation in the second half of the year.



Global market conditions remain uncertain and no doubt will impact on the local trading environment. Despite these uncertainties, Management remains cautiously optimistic that the impetus provided by the successful degearing of the balance sheet, together with the refocus on the group's core business will ensure Vunani's sustainability and return to profit in the future.



Renegotiation of facilities with lenders before the October 2011 moratorium is ongoing and is supported by a continuous reduction of the legacy interest burden of the group. Opportunities for further optimisation and cost management are being pursued. Enhanced cash flows will be used prudently to further reduce debt.
29-Aug-2011
(Official Notice)
Shareholders are advised that the company expects its results for the six months ended 30 June 2011 to reflect a reduction in the loss per share of between 75% and 95% when compared to the results of the comparative period last year. Furthermore, the company expects its results to reflect a reduction in the headline loss per share of between 70% and 90% when compared to the results of the comparative period last year.
19-Aug-2011
(Official Notice)
The board of Vunani advised that at the annual general meeting of shareholders held on 19 August 2011, all the resolutions put to the annual general meeting were duly approved by the requisite majority. The special resolutions will be submitted to CIPC for registration.
10-Aug-2011
(Official Notice)
Shareholders are advised that Vunani Capital Proprietary Limited ("Vunani Capital"), a wholly owned subsidiary of the Company, has acquired the balance of Peregrine Financial Services Holdings Limited`s ("Peregrine") shareholding of 49% of the ordinary shares in Vunani Fund Managers Proprietary Limited ("VFM") (the "Transaction"). This will result in VFM becoming a wholly owned subsidiary of Vunani Capital.



VFM provides institutional and retail clients with a range of fund management products. VFM has approximately R11 billion under management. In 2005 Vunani acquired an initial 11% stake in VFM (then trading as Peregrine iQ). In June 2010 Vunani announced that it had raised its shareholding to 51% and rebranded Peregrine iQ to VFM.



The acquisition of the balance of Peregrine's shareholding in VFM will:

*further Vunani`s stated objective of becoming the pre-eminent black owned financial services business in South Africa;

*send a clear message to existing and prospective clients of VFM that it is now a wholly owned member of a black financial services company; and

*allow Vunani to structure the affairs of VFM such that the interests of management and shareholders of VFM are aligned.



In consideration for the purchase of its 49% shareholding in VFM, Vunani shall issue 100 (one hundred) million ordinary shares at a share price of five (5) cents per ordinary share to Peregrine (the "Consideration Shares"). The effective date of the Transaction is 1 August 2011. The transaction is conditional upon formal application by Vunani to the JSE for the listing of the Consideration Shares.



08-Aug-2011
(Media Comment)
According to Business Day, bookrunners for Vunani Property Investment Fund's initial public offering received subscriptions for 88 million shares at R7.05 each. Of the R622 million placed, R448 million was new shares, Vunani said on Friday. The rest were sold by Vunani and Hyprop.
04-Aug-2011
(Official Notice)
The board of Vunani advised that, at the general meeting of shareholders held on 4 August 2011, the resolutions as set out in the notice of general meeting contained in the circular to shareholders dated 7 July 2011, to approve the issue of units for cash by Vunani Property Investment Fund Ltd ("VPIF") and the sale of VPIF units by Vunani Properties (Pty) Ltd, were duly approved by the requisite majority.
13-Jul-2011
(Official Notice)
Vunani Fund Managers, a subsidiary of JSE AltX listed Vunani Ltd, announced that Romeo Makhubela has been appointed as chief executive officer with effect from 1 August 2011.

07-Jul-2011
(Official Notice)
Shareholders are referred to the Vunani annual report, incorporating a notice of annual general meeting and form of proxy, which was posted to shareholders on 30 June 2011, and were advised that the proxy form, erroneously, did not make provision for all the resolutions to be voted on and has subsequently been re- printed. The revised proxy form will be posted to shareholders. Shareholders were advised that the notice of annual general meeting contained in the annual report as posted on 30 June 2011 and its content has not changed.
30-Jun-2011
(Official Notice)
27-Jun-2011
(Official Notice)
23-Jun-2011
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 31 December 2010, which are included in the company's annual report for that year, will be dispatched to shareholders on 30 June 2011. There are modifications contained in the audited results when compared to the reviewed results for that year, which were published on SENS on 31 March 2011.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of shareholders of the company will be held on Friday, 19 August 2011 at 10h00 in the boardroom, Vunani House, 151 Katherine Street, Sandton to transact the business as stated in the notice of annual general meeting forming part of the company's annual report that will be distributed on 30 June 2011.

27-May-2011
(Official Notice)
Shareholders are referred to the cautionary announcement released on the Securities Exchange News Service of the JSE Limited ("JSE") on 8 April 2011 wherein the board and shareholders of the Vunani Property Investment Fund (Pty) Ltd. ("VPIF") passed a resolution, authorising VPIF to list on the main board of the JSE. The board is in the process of obtaining the relevant regulatory approvals required, and accordingly, shareholders are advised to continue to exercise caution when dealing in the company?s securities until a further announcement is made.
15-Apr-2011
(Official Notice)
Shareholders were referred to the announcement published by the company on SENS on 23 March 2011 wherein they were advised that Vunani had reached an agreement with the Edge acquisition vendors to, inter alia, dispose of its entire investment in Edge and VPEP and to cancel the agterskot shares ("the settlement agreement"). Shareholders are accordingly advised that the condition precedent to the settlement agreement has been fulfilled and that the settlement agreement has become unconditional.
08-Apr-2011
(Official Notice)
Shareholders were advised that the board and shareholders of the Vunani Property Investment Fund (Pty) Ltd ("VPIF") have passed a resolution, inter alia, authorising VPIF to list on the main board of the JSE. VPIF is 50.2% owned by Vunani Properties (Pty) Ltd., which is in turn owned 78% by Vunani. The rationale for the listing is primarily to enable VPIF to raise fresh capital from institutional and private investors. The board of VPIF has commenced work on preparing the company for listing and obtaining the relevant regulatory approvals required. Details of the private placement of VPIF linked units, timing of the listing of VPIF and its financial effects on Vunani shall be provided as and when this becomes available. Accordingly, shareholders were advised to exercise caution when dealing in the company's securities until a further announcement is made.
05-Apr-2011
(Official Notice)
31-Mar-2011
(C)
Revenue increased to R195.8 million (R125 million). Operating profit soared to R66.4 million (R1.8 million). The net attributable loss narrowed to R104.9 million (loss of R172.9 million). In addition, the headline loss per share was smaller, at 3cps (loss of 11.4cps).



Outlook

Management's focus is on building the core businesses whilst reducing the legacy interest burden on the balance sheet. The current year's results reflect management's determination to achieve this goal. In order to accomplish this, certain facilities with lenders will need to be renegotiated before their October 2011 moratorium date.
28-Mar-2011
(Official Notice)
Vunani shareholders are referred to the trading update published by the company on 16 March 2011 wherein they were informed that Vunani expected an improvement of at least 20% in both its basic and headline loss per share reported for the previous comparable period. Shareholders are advised that Vunani is in the process of finalising its results for the year ended 31 December 2010 and anticipates that it will report a basic loss per share of between 2.1 cents and 4.8 cents (2009: 13,2 cents basic loss per share) and a headline loss per share of between 3.4 cents and 5.6 cents (2009: 11.0 cents headline loss per share). The company's results for the year ended 31 December 2010 are expected to be published on SENS before the end of March 2011.
23-Mar-2011
(Official Notice)
16-Mar-2011
(Official Notice)
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by 20% or more from the financial results for the previous corresponding period. Shareholders are advised that Vunani expects, for the year ended 31 December 2010, an improvement in both its basic and headline loss per share of at least 20% as compared to the results for the year ended 31 December 2009 (13,2 cents basic loss per share and 11.0 cents headline loss per share). At this stage, the company is unable to quantify, with the degree of certainty required for a more accurate update, the expected basic and headline loss per share. A revised trading update will be published containing such detail as soon as possible. The financial information on which this trading update is based has not been reviewed or reported on by the company's auditors.

16-Feb-2011
(Official Notice)
In October 2007 Vunani, through its wholly owned subsidiary Vunani Capital (Pty) Ltd, acquired 50 million shares in BSI. Shortly after this acquisition BSI listed on the JSE's Alternative Exchange (AltX). BSI supplies steel products in South Africa and a number of other southern African markets. On 11 February 2011 Vunani disposed of its entire shareholding in BSI at a price of 70 cents per share to Basfour 2052 CC for a total cash consideration of R34 999 858 ("the disposal"). The price of 70 cents per share was the ruling market price on 11 February 2011. There are no conditions precedent and no other significant terms of the agreement. The proceeds from the disposal of the investment have been utilised to reduce debt. The disposal is expected to settle on 18 February 2011.

27-Jan-2011
(Official Notice)
The board of Vunani advises that, at the General Meeting of shareholders held today, the resolutions as set out in the notice of General Meeting contained in the circular to shareholders dated 20 December 2010 to approve the adoption of the new share scheme, were duly approved by the requisite majority.

15 Dec 2010 16:36:22
(Official Notice)
Shareholders are referred to the cautionary announcements published by the company on the JSE Limited Securities Exchange News Service on 29 September 2010 and 10 November 2010, and are advised that the discussions referred to therein have been terminated. Accordingly, caution is no longer required to be exercised when dealing in the company's securities.

22 Nov 2010 08:55:11
(Official Notice)
Vunani today announced that all regulatory approvals pertaining to the acquisition of Kagiso Securities Limited from Kagiso Investments (Pty) Ltd were obtained. Kagiso Securities will be integrated with Vunani's stock- broking unit.
10 Nov 2010 08:40:56
(Official Notice)
Shareholders are referred to the cautionary announcement published by Vunani on 29 September 2010 and are advised that the negotiations referred to therein are still in progress and, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
09 Nov 2010 15:52:06
(Official Notice)
Shareholders are referred to the SENS release of 26 October 2010, informing the market that Vunani through its wholly owned subsidiary Vunani Capital (Pty) Ltd ("Vunani Capital") has entered into discussions with Kagiso Trust Investments (Pty) Ltd ("Kagiso Investment Trust") regarding the acquisition of Kagiso Securities Ltd ("Kagiso Securities"). Vunani informed shareholders that it has reached an agreement with Kagiso Trust Investments whereby Vunani will acquire Kagiso Securities, subject to regulatory approvals.



The proposed acquisition is in line with Vunani's stated strategy of building a strong financial services platform in South Africa and the region. This acquisition of Kagiso Securities is unrelated to the negotiations referred to in the cautionary announcement published by the company on 29 September 2010. Furthermore, the acquisition will not be large enough to be categorised as either a Category 1 or 2 transaction in terms of the JSE Ltd's Listings Requirements.
03 Nov 2010 15:03:47
(Official Notice)
Black Wattle Colliery finalises deal on high quality contiguous reserve Vunani Limited ("Vunani") wishes to draw shareholders' attention to the following announcement by Bisichi Mining PLC on the London Stock Exchange RNS this morning. Vunani, through its subsidiary Vunani Capital (Proprietary Limited) owns a 37.5% stake in Black Wattle Colliery.



Bisichi Mining PLC ("Bisichi"), the mining company with direct coal mining operations in South Africa, is pleased to announce that its principal South African subsidiary, Black Wattle Colliery ("Black Wattle"), has concluded an agreement with Blue Nightingale Trading 817 (Pty) Ltd ("Blue Nightingale"), to purchase Run of Mine coal from an open cast reserve of coal contiguous to Black Wattle's existing open cast mine.



The reserve consists of approximately three million metric tonnes of high quality low phosphorous run of mine coal with an average opencast stripping ratio of 2.8 to 1. The agreement with Blue Nightingale, a black owned and managed mining company, includes the implementation of a skills transfer programme. This transaction was concluded immediately after Blue Nightingale had acquired from the Department of Mineral Resources the relevant mining approvals for a large portion of the reserve. Opening of the opencast pit is to commence immediately with first Run of Mine coal expected to be received by Black Wattle in December 2010.
26 Oct 2010 16:30:07
(Official Notice)
Vunani informed shareholders that it is currently in discussions with Kagiso Trust Investments regarding the possible acquisition of Kagiso Securities. Any agreement in this regard is subject to regulatory approvals and a due diligence, which is currently underway. The proposed acquisition is in line with Vunani`s stated strategy of building a strong financial services platform in South Africa and the region. Should the transaction be successful, Kagiso Securities will be integrated with the rest of Vunani's stockbroking business. The transaction is expected to enhance Vunani's product offering. This proposed acquisition of Kagiso Securities is unrelated to the negotiations referred to in the cautionary announcement published by the company on 29 September 2010. Furthermore, Vunani does not anticipate that the acquisition, if concluded, will be large enough to be categorised as either a category one or two transaction in terms of the JSE's listings requirements, neither does Vunani anticipate that the acquisition will have a material effect on the company's share price. Shareholders of the company will be kept informed on developments as the process unfolds.
21 Oct 2010 08:20:36
(Media Comment)
Business Day reported that Vunani, a black-owned AltX-listed financial services firm, has acquired for an undisclosed sum, a stake in coal miner Black Wattle. CEO Ethan Dube said the deal was a strategic investment made as part of efforts to continue strengthening the balance sheet. The rest of Black Wattle is held by UK mining company Bischi. Mr Dube added that investing in the coal mine was expected to pay dividends in the coming years, based on present and projected demand for coal, and was in line with Vunani's strategy of diversifying its asset portfolio.
20 Oct 2010 08:08:03
(Official Notice)
Shareholders are referred to the announcement made on 14 July 2009 on the Stock Exchange News Service (SENS), that Vunani Capital (Pty) Ltd ("Vunani Capital"), a subsidiary of Vunani, has entered into a Subscription and Shareholders' Agreement ("the agreement") with Bisichi Mining (Exploration) Ltd ("Bisichi") and Black Wattle Colliery (Pty) Ltd ("Black Wattle").



Vunani Capital announce that all the conditions precedent to the above transaction have now been fulfilled and that the transaction has been implemented with effect from 14 October 2010. Vunani's effective shareholding in Black Wattle is 37.5% with the balance held by Bisichi. Black Wattle is a leading opencast colliery situated in the Witbank coalfields close to Middelburg. The colliery produces high quality export steam coal, low phosphorous metallurgical coal, and Eskom coal with total sales in excess of 1.40 million metric tonnes per annum.



In terms of the transaction, Vunani Capital acquired 110 ordinary shares and 265 "A" ordinary shares in Black Wattle at par value, resulting in an effective shareholding of 37.5% in Black Wattle. The "A" ordinary shares will rank pari passu with ordinary shares save for a restriction on the dividend right. "A" ordinary shareholders will be entitled to dividends once the agreed amount of dividends to ordinary shareholders have been distributed as specified in the agreement.

29 Sep 2010 17:08:45
(Official Notice)
Shareholders are advised that Vunani has entered into negotiations, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
06 Sep 2010 09:48:08
(Media Comment)
Business Day mentioned that, Altx-listed financial services company Vunani said on Friday, 3 September 2010 that it has bought itself breathing space by restructuring its debt, allowing management to refocus attention on how to start delivering profits for its long suffering shareholders. Managing Director Butana Khoza said the company has restructured and recapitalised its balance sheet with the injection of more than R300 million in new money. It had been battling to restructure its potentially paralysing debt, and was believed to owe money to Standard Bank and Investec, among others.
03 Sep 2010 10:27:34
(C)
Revenue for the interim period was slightly higher at R88 million (2009: R75 million), while operating profit more than doubled to R34 million (2009: R14 million). Total comprehensive loss attributable to equity holders of Vunani soared to R94 million (2009: loss of R50 million). Furthermore, headline loss per share decreased to 2.5cps (2009: loss of 3.2cps).



Dividend

No dividends were declared or paid to shareholders during the period under review.



Prospects

Emerging consensus is that South Africa's GDP growth will only be in the region of 3% in 2010. The trading environment is expected to remain difficult in the second six months of the financial year. Despite the challenging business environment the group is now seeing a number of interesting opportunities across their business segments that gives them confidence that 2009 represented the lowest point in the group's history. Vunani is working hard and with renewed energy to ensure that the group can bring these opportunities to account, if not in the final half of 2010 then certainly in 2011. Vunani will concentrate on finding ways to further strengthen the balance sheet that commenced with the restructuring of the debt obligations. Management will also continue to focus on the business model to ensure that under performing investments and businesses are exited.
02 Sep 2010 09:55:47
(Official Notice)
Shareholders are advised that the company is in the process of finalising its interim results for the six months ended 30 June 2010. The company expects its results to reflect a reduction in the loss per share of between 35% and 45% when compared to the results of the comparative period last year. Furthermore, the company expects its results to reflect a reduction in the headline loss per share of between 17% and 27% when compared to the results of the comparative period last year.
19 Aug 2010 17:18:38
(Official Notice)
Further to the announcement, dated 22 July 2010, and in compliance with paragraph 3.59 of the listings requirements of the JSE Ltd, the board of Vunani wishes to advise shareholders that Mr Guy Frawley has stepped down from the board of directors. Mr. Frawley will remain an executive in the Vunani group, and moves to the property division to drive various new initiatives. Accordingly, the appointment of Aphrodite Judin as the company's financial director has been expedited and will take effect immediately. Furthermore, the board of Vunani advises that, at the AGM of shareholders held on the 19th August 2010, all the resolutions as set out in the notice of AGM contained in the company's 2009 Annual Report were duly approved by the requisite majority, with the exception of ordinary resolution 4 proposing the re-appointment of WG Frawley, which was accordingly withdrawn. The relevant special resolution will be submitted to CIPRO for registration.
22 Jul 2010 15:35:42
(Official Notice)
The board of directors of Vunani announce the appointment of Aphrodite Judin as the company's financial director with effect from 1 September 2010.

30 Jun 2010 17:34:21
(Official Notice)
Shareholders are advised that the audited annual financial statements for the year ended 31 December 2009, which are included in the company's annual report for that year, will be dispatched to shareholders on Wednesday, 30 June 2010. The annual financial statements have been issued without qualification.
17 Jun 2010 15:08:57
(Official Notice)
Shareholders are advised that the group has acquired 31% of PQ from Peregrine Financial Services Holdings Ltd ("Peregrine") ("the transaction"). Following a recent purchase of a 9% stake in PQ from other shareholders, this transaction extends VC's holding to 51%, thereby allowing Vunani to assume control of PQ, with Peregrine remaining a 49% shareholder.



Vunani initially invested in an 11% stake in PQ in 2005 and this follow-up investment presents the ideal opportunity to grow Vunani's fund management business. PQ will become one of the few black controlled fund managers and this signals Vunani's commitment to making fund management an important segment in its financial services business. Vunani believes the acquisition augments its fund management offering which currently includes hedge funds of funds, private equity funds of funds, exchange traded funds and private wealth management. This transaction will increase collective funds under management on Vunani's fund management platform from R9 billion to R20 billion. The branding of the business will change to include the name Vunani and the market will be informed of the change once all the necessary regulatory processes have been completed.



Effective date

The transaction will become effective on or about 18 June 2010.
15 Jun 2010 17:04:17
(Official Notice)
The board of the company announced the appointment of Aphrodite Judin as company secretary with immediate effect.
28 May 2010 11:54:22
(Official Notice)
Vunani has acquired a 51% interest in Jala Group ("Jala") for a nominal amount, which will be re-named Vunani Technology Ventures ("VTV") ("the transaction"). The remaining 49% will be held by the existing management of VTV. The new business will create a platform for investments into technology companies by offering advisory and investment banking to high-growth, mid-market software entrepreneurs. The acquisition will combine the investment banking expertise and black empowerment credentials of Vunani with the IT skills and experience of Jala.
28 May 2010 10:10:39
(Media Comment)
Business Day reported that Vunani has acquired a 51% stake in Jala Group ("Jala") to create a new business that will offer ICT advisory and investment banking to high growth, mid-market ICT software entrepreneurs. Vunani CEO, Ethan Dube, commented that the new Vunani Technology Ventures will focus on offering advice to mid-market entrepreneurs. Jala aims to benefit from Vunani's expertise and BEE credentials.
31 Mar 2010 17:22:22
(Official Notice)
Revenue decreased during the period by 45.4% to R121.9 million (2008: R 223.1million) mainly as a result of the slow down in the financial markets and our scheduled cutback in residential property developments in anticipation of the decline in property markets. Operating profit decreased by 89.0% to R8.1 million (2008: R73.1 million) mainly as a result of the decline in revenue. The net attributable loss narrowed to R167.7 million (loss of R707.8 million). In addition, the headline loss per share improved to 10.8cps (loss of 58.8cps).



Outlook

The finalisation of the group's debt restructure, albeit subsequent to the year end, has re-enforced the group's resolve. The recovery in the equity markets experienced in the latter part of the year has had a positive impact on the economy; however the full impact of this recovery has not yet materialised. Vunani remains committed to deliver on its vision to become the pre-eminent medium sized black owned and managed financial services business. The directors expect trading conditions to remain volatile in the short to medium term and will use this as an opportunity to continue to build a platform for the sustainable future growth in the core businesses.
31 Mar 2010 08:02:41
(Official Notice)
Vunani is finalising its results for the year ended 31 December 2009 and anticipates that the group will reflect a basic loss per share of between 11.8 cents and 14.4 cents (2008: basic loss per share 60.7 cents) and a headline loss per share of between 11.3 cents and 13.9 cents (2008: headline loss per share 58.8 cents). The company's results for the year ended 31 December 2009 are expected to be released on SENS on 31 March 2010.
19 Mar 2010 10:42:16
(Official Notice)
Shareholders are advised that the company is in the process of finalising its results for the year ended 31 December 2009. It is expected that the loss of R784 million reflected in the comparative period will be reduced by more than 20% in respect of the year under review. The lessening in the company's loss situation results from improved market conditions during the past year.



At this stage, the company is unable to quantify, with the degree of certainty required for a more accurate update, the expected basic and headline loss per share for the year ended 31 December 2009 and will release a further announcement containing such detail as soon as possible.



19 Mar 2010 10:37:21
(Official Notice)
The board of directors of Vunani announce the appointment of executive director, Butana Khoza, as the company's Managing Director with effect from 16 March 2010.
08 Mar 2010 17:46:57
(Official Notice)
Shareholders are referred to the announcements released on SENS on Monday, 14 December 2009 and Friday, 29 January 2010 relating to the renounceable rights offer of 3 136 000 000 ordinary shares at a subscription price of 10 cents per share ("the claw-back offer") and are advised that 99.77% of the shares were subscribed for. The safe custody accounts of dematerialised shareholders have been credited with the new Vunani shares.
26 Feb 2010 14:38:38
(Official Notice)
Vunani shareholders are referred to the claw-back offer circular, dated 15 February 2010. Pursuant to the renounceable claw-back offer to Vunani shareholders of 3 136 000 000 claw-back shares, Vunani entered into an agreement with Vunani Group (Pty) Ltd ("VG"), the controlling shareholder of Vunani, The End Trust, Mabone Trust, Nicam Trust and AC Nissen ("Nissen")("the agreement"). On 25 February 2010, in terms of the agreement, VG transferred 59 707 800 Vunani shares (of its holding of 746 250 000 Vunani shares) to Nissen in return for Nissen's 6.8% holding in VG. As Vunani is currently in a closed period, the JSE was consulted and approved the share transfer arrangement set out in the agreement.
01 Feb 2010 09:39:13
(Media Comment)
Business Day reported CEO Ethan Dube as saying that Altx- listed black owned financial services company Vunani's prospects look better as the conclusion of the R313.6 million recapitalisation draws near. Dube said black ownership would remain above 50%. The focus after recapitalisation would be to grow the asset management business, which was benefiting from the upturn in markets.Dube has re-iterated that the group are not changing their strategy although the company would continue to be more cautious about future BEE investments, and that he expects the share liquidity in the company would improve in time.
29 Jan 2010 11:10:59
(Official Notice)
14 Dec 2009 17:20:37
(Official Notice)
Further to the SENS announcement dated 27 November 2009 and the circular to Vunani shareholders dated 27 November 2009, shareholders are advised that, at the general meeting of shareholders held on 14 December 2009, the resolution to waive, as provided for in Rule 8.7 of the Securities Regulation Code on Takeovers and Mergers ("the code") and the Rules of the Securities Regulation Panel ("SRP"), any obligation by the offerors (as defined therein) to make a mandatory offer in terms of rules 8.1, 8.2 and 6.3 of the code, was duly approved by the requisite majority. As no objections to the waiver were lodged with either the company or the SRP, the SRP has waived the requirement for a mandatory offer as provided for in rule 8.7 of the code.
14 Dec 2009 12:25:46
(Official Notice)
Shareholders are referred to the announcement, dated 9 December 2009, and are advised that the salient dates relating to the claw-back offer will change and the amended dates will be advised in due course.
09-Dec-2009
(Official Notice)
Pursuant to this announcement, the cautionary announcement is hereby withdrawn.
09 Dec 2009 13:35:21
(Official Notice)
27 Nov 2009 16:39:29
(Official Notice)
27 Nov 2009 14:46:39
(Official Notice)
02 Nov 2009 13:38:20
(Official Notice)
The board announced the appointments of Gordon Nzalo and John Macey as independent non-executive directors with immediate effect.
21 Oct 2009 14:06:48
(Official Notice)
Shareholders are referred to the announcement, dated 1 July 2009, relating to a proposed rights offer and debt restructuring and are advised to continue to exercise caution in dealing in the company?s ordinary shares on the JSE until such time as an announcement, containing confirmation of the finalisation of the amendments to the existing loan agreements and the financial effects of the restructuring, is released.
23 Sep 2009 10:25:24
(Media Comment)
According to the Financial Mail, Vunani is better placed than anyone to become a black-owned diversified financial services businesses. The company was badly affected by the slump in the JSE, but a rights will allow it to pay off R314 million of debt. CEO Ethan Dube disagrees with suggestions that Vunani should unlock value by breaking up the business. However, if Dube does not realise his vision of creating a black RMB or Investec, after some shareholder value has already been destroyed by pursuing that dream, a break-up may be inevitable.
10 Sep 2009 17:40:02
(C)
Revenue decreased from R105.2 million to R74.7 million in 2009. Operating profit decreased to R13.9 million (2008:R25.4 million). Profit attributable to ordinary shareholders increased to R49.8 million (-R319.7 million). In addition, headline earnings on a per share basis increased to -3.18cps (-26.04cps).



Dividends per share

No interim dividend was declared for the period under review.



Prospects

The recovery in the equity markets experienced since March this year has had a positive impact on the economy, however the full impact of this recovery has not yet been fully felt in the Vunani businesses. Vunani remains committed to deliver on its vision to become the pre-eminent medium sized black-owned and managed financial services business. The directors expect trading conditions to remain volatile in the short to medium term and will use this as an opportunity to continue to build a platform for the sustainable future growth in the core businesses.
07 Sep 2009 17:17:28
(Official Notice)
Vunani is currently finalising its results for the six months ended 30 June 2009 and it is expected that, when compared to the corresponding prior period, the company's loss situation will improve as follows: Headline and basic loss per share have improved by between 80% and 100%. The company's interim results for the six months ended 30 June 2009 are expected to be released on SENS on or about 11 September 2009.



Renewal of cautionary announcement

Shareholders are referred to the announcement, dated 1 July 2009, relating to a proposed rights offer and debt restructuring and are advised to continue to exercise caution when dealing in the company's securities on the JSE until such time as an announcement, containing confirmation of the finalisation of the amendments to the existing loan agreements and the financial effects of the restructuring, is released.
20 Aug 2009 11:14:11
(Official Notice)
At the annual general meeting of shareholders held on 20 August 2009, all the resolutions were duly approved by the requisite majority. The relevant special resolution will be submitted to CIPRO for registration.
13 Aug 2009 11:28:58
(Official Notice)
Shareholders are referred to the announcement, dated 1 July 2009, relating to a proposed rights offer and debt restructuring and are advised to continue to exercise caution in dealing in the company's ordinary shares on the JSE until such time as an announcement, containing confirmation of the finalisation of the amendments to the existing loan agreements and the financial effects of the restructuring, is released.
27 Jul 2009 13:19:29
(Official Notice)
Shareholders are referred to the announcements, dated 10 June 2008 and 19 June 2008, relating to the acquisition of an additional 35% stake in Edge In terms of the agreement, the purchase consideration clause contained a provision that an additional maximum amount of R43.75 million would be payable subject to a formula relating to the funds under Edge's management growing to a certain level by 28 February 2009. Shareholders are advised that an additional amount of R27.75 million is payable in terms of this "agterskot" which will be settled by the allotment and issue of 114 367 925 Vunani shares at an issue price of 24.2647 cents each to the Edge acquisition vendors.
14 Jul 2009 11:39:30
(Official Notice)
Vunani Capital (Pty) Ltd, a subsidiary of Vunani, has entered into a subscription and shareholders' agreement with Bisichi Mining (Exploration) Ltd and Black Wattle to subscribe for 20 ordinary shares and 355 "A" ordinary shares in Black Wattle at par value of R1 each, to be settled in cash , resulting in an effective shareholding of 37.5% in Black Wattle.



The subscription provides a platform for Vunani to expand its investment activities into coal mining opportunities and to potentially receive dividends on its Black Wattle ordinary shareholding. The "A" ordinary shareholders will only be entitled to receive dividends once the agreed amount of dividends to ordinary shareholders have been distributed as specified in the agreement.



The effective date of the subscription will be the second business day after the date of fulfilment of the last of the conditions precedent.



The subscription is conditional, inter alia, on:

*Relevant regulatory approvals, including approvals from the Department of Minerals and Energy and the South African Reserve Bank, being obtained.

*Various special resolutions relating to Black Wattle statutory matters being registered by CIPRO.



The subscription price is immaterial in relation to Vunani's current market capitalisation. It is difficult to estimate the potential future dividends that will accrue to Vunani in terms of the agreement and it would be misleading to make any assumptions in regard thereto.
13 Jul 2009 15:15:39
(Official Notice)
Shareholders are referred to the announcement, dated 4 March 2009, relating to the subscription for 40% of the issued share capital of Civils 2000 and are advised that all the conditions precedent relating thereto have now been fulfilled and accordingly the transaction has become unconditional.
13 Jul 2009 09:37:13
(C)
Shareholders are advised that the audited annual financial statements for the year ended 31 December 2008 contain adjustments when compared to the reviewed results for that year. The financial figures have been restated for the periods 31 December 2008 and 31 December 2007.



Revenue decreased from R239 480 million to R223 065 million in 2009.Operating profit decreased to R73 134 million (2008:R86 264 million). Profit attributable to ordinary shareholders decreased to -R707 845 million (R414 757 million). Headline earnings on a per share basis decreased to -58.80cps (38.70cps).



Audit Report

The annual financial statements for the year ended 31 December 2008 have been audited by the company's auditors, Deloitte - Touche, whose unqualified audit report thereon is available for inspection at the company?s registered address.



Posting of Annual Report

The annual report for the year ended 31 December 2008 will be posted to shareholders shortly.



Notice of AGM

Notice is hereby given that the annual general meeting of shareholders of the company will be held on Thursday, 20 August 2009 at 10h00 at the company's offices, Vunani House, Athol Ridge Office Park, 151 Katherine Street, Sandton, Johannesburg, to transact the business as stated in the notice of annual general meeting forming part of the annual financial statements.
01 Jul 2009 15:02:25
(Official Notice)
01 Jul 2009 15:01:15
(Official Notice)
Shareholders are advised to continue exercising caution in dealing in the company's ordinary shares on the JSE until such time as an announcement, containing confirmation of the finalisation of the amendments to the existing loan agreements and the financial effects of the restructuring, is released.
01 Jul 2009 14:51:16
(Official Notice)
01 Jul 2009 14:43:30
(Official Notice)
Shareholders are advised that Vunani has appointed Grindrod Bank Ltd as its lead designated adviser with immediate effect.
01 Jul 2009 09:14:08
(Official Notice)
The JSE advised that Vunani has failed to submit its annual report within the six-month period stipulated in the JSE's Listings Requirements. Accordingly, the company's listing on the JSE TRADELECT system has been annotated with an "RE" to indicate that the company has failed to submit its annual report timeously and that the listing of the company's securities is under threat of suspension and possible termination. Should the company still fail to submit its annual report by Thursday, 31 July 2009, its listing will be suspended.
25 Jun 2009 15:39:55
(Official Notice)
Shareholders are referred to the announcements, dated 20 March 2009 and 8 May 2009, which related to the restructuring of the company's debt and are advised that negotiations relating to the debt restructuring are still in progress and may, if successfully concluded, have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
22 Jun 2009 15:21:55
(Official Notice)
The directors advise that, at the general meeting of shareholders held, shareholders unanimously approved the special resolutions to:

*Increase the share capital of the company

*Amend the Articles of Association to allow the company a nine month period in which to hold its annual general meeting.

The special resolutions pertaining to the increase in share capital and the amendment to the Articles of Association will be sent to CIPRO for registration.
08 May 2009 11:47:19
(Official Notice)
Shareholders are referred to the announcement, dated 20 March 2009, which related to the restructuring of the company's debt and are advised that negotiations relating to the debt restructuring are still in progress and may, if successfully concluded, have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
17 Apr 2009 14:43:43
(Media Comment)
Vunani's leveraged empowerment investments are a strategic flaw that is going to be very costly to both the group and shareholders. According to Finweek, Vunani is taking funds out of its core financial services business to repay debt associated with investments in mainly newer listed companies, most of which have seen their share prices plunge recently amid the financial turmoil. However, CEO Ethan Dube stresses that Vunani comprises two distinct businesses: its fee earning financial services businesses and its investment businesses. Dube believes that this is right platform for growth.
31 Mar 2009 14:25:30
(C)
As a result of the negative fair value adjustments the financial performance of the group for the 2008 year is substantially below the forecasts as set out in the prospectus. Despite difficult trading conditions, Vunani experienced a 30% growth in revenue to R171.3 million (R132.0 million). Other income decreased to R18.4 million (R59.4 million) and with concerted cost containment resulted in a 5% decrease in operating profit to R81.8 million (R86.3 million). Headline earnings declined by 307% to R683.9 million loss (R330.0 million profit).



Dividend

No dividend will be paid in respect of the year ended 31 December 2008 in order to preserve liquidity and reduce debt.



Prospects

The group is committed to resolving the challenges in its Investments Services segment. Vunani continues to experience good investment deal flow and has developed its Financial Services segment which is now well-positioned to show strong growth once stability returns to the financial markets.
20 Mar 2009 17:05:17
(Official Notice)
An economic downturn in key sectors in which Vunani has investments was experienced during the period under review, and as a consequence, the market value of those investments declined materially. It is expected that the profit after tax generated by the core Financial Services division (asset management, investment banking and property business units) in respect of the year ended 31 December 2008 will be in line with the previous financial year. However, the Investment Services division will reflect material unrealised negative fair value adjustments due to the substantial decline in the "small-to-mid cap market". The underlying nature of the investments will remain core to the company's portfolio.



Vunani is currently finalising its results for the year ended 31 December 2008 and expects a loss per share of between 57.3c and 70.0c and a headline loss per share of between 52.0c and 63.5c, compared to earnings per share and headline earnings per share of 41.4c and 28.0c, respectively, reported for the year ended 31 December 2007. The reduction in earnings is as a result of fair value adjustments against the investments. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.



The substantial decline in the share prices and valuation of the investments in Investment Services has resulted in certain debt covenant ratios, as set by the providers of debt, being breached. Vunani has entered into negotiations with its banking partners in order to resolve these breaches and is of the reasonable opinion that the negotiations will be successful.



Shareholders are referred to the cautionary announcement, dated 12 March 2009, and are advised that the negotiations relating to the debt restructuring may have a material effect on the price of the company's securities, if successfully concluded. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made. The company's results for the year ended 31 December 2008 are expected to be released on SENS on or before 31 March 2009.
12 Mar 2009 09:01:17
(Official Notice)
Shareholders are advised that Vunani has entered into negotiations, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
04 Mar 2009 13:28:01
(Official Notice)
30 Sep 2008 16:27:17
(Official Notice)
Shareholders are referred to the cautionary announcement dated 29 August 2008 and are advised that, as negotiations have been suspended, caution is no longer required to be exercised when dealing in the company's securities.
29 Aug 2008 11:05:07
(Official Notice)
Shareholders are advised that Vunani has entered into negotiations, which if successfully concluded, may have an effect on the price of its securities. Accordingly, shareholders are advised to exercise caution when dealing in the company?s securities until a further announcement is made.
26 Aug 2008 07:31:44
(C)
Trading revenue increased during the interim period by 25.2% to R71.1 million (2007: R56.8 million). Operating profit increased by 9% to R25.4 million (2007: R23.3 million). Expenses increased mainly as a result of the consolidation of new businesses and their associated costs. Negative fair value adjustments of R338.9 million relate to the decline in share prices of the underlying investments. Finance costs increased to R88.3 million (2007: R38.4 million) due to additional strategic investments in the Investment Services business and an increase in interest rates. R80 million of finance costs was capitalised in the interim period. These investments were made in line with the group?s strategy to focus on construction and infrastructure related investments.



Dividends

No dividend was declared for the period under review.



Prospects

Despite the general downturn in market conditions, the Financial Services division is well-positioned to take advantage of current conditions. The recently announced acquisitions are expected to generate further profits in the second half of the year for the Financial Services division. The performance of the Investment Services segment is linked to the share prices of the listed investments. As a result of the decline in the share prices of its investments, the group has made the necessary downward fair value adjustments against profits. Management is of the opinion that, for the most part, the share prices of these investments are trading at a discount to net book value and are accordingly undervalued.
15 Aug 2008 17:09:59
(Official Notice)
Vunani is currently finalising its results for the six months ended 30 June 2008 and shareholders are advised that earnings and headline earnings per share for the six months ended 30 June 2008 are expected to be between 175% and 195% less than those of the previous corresponding period, mainly as a result of fair value adjustments against listed investments. However, after-tax profit generated by the Financial Services segment of the company is expected to increase by between 10% and 30% for the six months ended 30 June 2008. The company?s results for the six months ended 30 June 2008 are expected to be published on SENS during the week ending 29 August 2008.
23 Jun 2008 17:51:29
(Official Notice)
Shareholders are referred to the announcement dated 10 June 2008 relating to the acquisition of a further 35% interest in Edge thereby increasing Vunani's effective shareholding to 45% in Edge, which announcement did not contain the financial effects of the Edge acquisition ("the transaction").



Unaudited pro forma financial effects of the transaction

*Headline earnings per share for 31 December 2007 amount increase 0.5% to 28.2cps, from 28cps.

*Net asset value per share decreases to by 0.3% to 67.5cps (67.7cps).



Withdrawal of cautionary

Pursuant to the release of the financial effects of the Edge acquisition, the cautionary announcement is hereby withdrawn.
19 Jun 2008 15:13:35
(Official Notice)
The board of Vunani advises that, at the annual general meeting of shareholders held on 19 June 2008, all the ordinary resolutions as set out in the notice of annual general meeting contained in the company's 2007 annual report, were duly approved by the requisite majority. The special resolution granting a general mandate to the directors to conduct share repurchases at the appropriate time and within prescribed limits was similarly adopted and will be submitted to CIPRO for registration.
17 Jun 2008 17:12:41
(Official Notice)
The company advises on the following changes to the board :

*Mr Chris Nissen has tendered his resignation as chairman of the board with immediate effect and will not seek re-election as a director at the company's annual general meeting to be held on 19 June 2008.

*Mr. Willie Ross has been appointed the new chairman of the company.

*The board also announced the appointment of Nambita Sinazo Mazwi as an independent non-executive director with immediate effect.
10 Jun 2008 10:57:02
(Official Notice)
Shareholders are referred to the cautionary announcement, dated 30 May 2008, and are advised that a Sale of Shares Agreement has been entered into between Northern Ocean Investments 48 (Pty) Ltd, a wholly owned subsidiary of Vunani Capital (Pty) Ltd, and Edge in terms of which Vunani Capital, via Northern Ocean, will acquire an additional 35% of the entire issued share capital of Edge on the terms and certain conditions. Vunani Capital is a wholly-owned subsidiary of Vunani. In terms of the agreement, the transaction will come into effect on 1 March 2008 subject to the successful fulfilment of the conditions precedent.



Shareholders are advised to continue exercising caution when dealing in the company?s securities on the JSE until such time as the financial effects of the transaction are published.
30 May 2008 15:56:23
(Official Notice)
Shareholders are advised that Vunani has entered into negotiations, which if successfully concluded, may have a material effect on the price of its securities. Accordingly, shareholders are advised to exercise caution when dealing in the company`s securities until a further announcement is made.
23 May 2008 08:36:05
(Official Notice)
Shareholders are referred to the announcement dated 14 April 2008 and are advised that as:

* negotiations relating to the acquisition of 51% of Retirement Fund Solutions Holdings (Pty) Ltd have been terminated; and

* there are no other new developments relating to the company,

the cautionary announcement is hereby withdrawn.
19 May 2008 14:06:51
(Official Notice)
Shareholders are advised that the annual report for the year ended 31 December 2007 will be dispatched to shareholders on 19 May 2008 and contains no material modifications to the reviewed results for that year, which were published on SENS on 25 February 2008.



Notice was also given that the annual general meeting of shareholders of the company will be held on Thursday, 19 June 2008 at 10h00 at Vunani's offices, 151 Katherine Street, Sandown, Sandton, to transact the business as stated in the notice of annual general meeting forming part of the annual report.
25 Apr 2008 14:59:15
(Official Notice)
Notification is hereby given of the appointment of Dr Bongani Khumalo, to the board, as independent non-executive director, with immediate effect. Dr Bongani Khumalo is a director of various companies and was the previous Chairman of Transnet Ltd. He has a wealth of experience in areas such as corporate governance, industry and enterprise restructuring and transformation, stakeholder relations and safety.
14 Apr 2008 17:56:40
(Official Notice)
14 Apr 2008 16:22:26
(Official Notice)
Shareholders are hereby advised that Vunani has appointed Merchant Sponsors (Pty) Ltd as joint designated adviser to the company with immediate effect.
10 Mar 2008 10:55:18
(Official Notice)
Vunani has appointed Vunani Corporate Finance as its Designated Adviser and Sponsor and have resigned from its current Designated Adviser and Sponsor, Exchange Sponsors (Pty) Ltd.
26 Feb 2008 17:35:06
(Official Notice)
Notification is hereby given that the board of directors of the company have accepted the resignation of Dr Bongani Finca as non-executive director with effect from Friday, 29 February 2008.
25 Feb 2008 09:04:08
(C)
The group's attributable earnings for the 2007 year end increased by 149.9% to R557.6 million (R223.1 million). Headline earnings grew by 392.9% to R330.0 million (R66.9 million). Profit before finance costs increased 176.8% to R818.8 million (R295.8 million) mainly as a result of favourable market conditions and growth in the Financial Services business which increased 183.2% to R88.1 million (R31.1 million) and the Investment Services business grew 144.5% to R469.6 million (R192.0 million).



Dividend policy

Initially all earnings generated by the group will be utilised to fund future growth and acquisitions. The company will periodically reconsider its cash position with the intention to distribute dividends to shareholders as soon as prevailing circumstances allow. No dividend will be declared in respect of the year ended 31 December 2007.



Prospects

Vunani will seek acquisitions in the Financial Services sector that can expand and strengthen its Financial Services business. Vunani will continue to take advantage of attractive investment deal flow to grow its balance sheet. The capital injection as a result of the listing has enabled the company to refinance funding provided by third parties where such funding has been used to acquire equity interests. This is expected to provide significant short, as well as long term benefits to the company. The group's operations are well placed to grow organically and emphasis will be placed on extracting cash flows from these activities. In line with the forecast as set out in the prospectus for the period ending 31 December 2008, the current economic environment is less favourable than in the 2007 financial year, which potentially can result in a reduced fair value adjustment on investments.
22 Feb 2008 12:21:08
(Official Notice)
Vunani has entered into a heads of agreement with Wessel van der Merwe, Esna Colyn, Henk Engelbrecht, Stef Greeff, Martha van der Westhuizen, Stephen Barnett, Kim Van Es and Cindy Van Der Knaap in respect of the acquisition of certain business relationships, existing mandates, contracts and the transfer of a team of JSE approved executives and senior management, previously associated with SME Corporate Solutions (Pty) Ltd and inter alia, Exchange Sponsors (Pty) Ltd, for a maximum purchase consideration of R90 750 000, with effect from 1 January 2008 or such later date as may be permissible in terms of International Financial Reporting Standards.



Given that the financial effects of the acquisitions cannot be quantified as yet, shareholders are advised that caution is still required to be exercised by them when dealing in their securities. Shareholders are further advised that Vunani has also entered into negotiations unrelated to the above announcement, which if successfully concluded may have a material effect on the price of the company`s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company`s securities until a full announcement is made.
29-Sep-2016
(X)
Vunani is an independent black-owned and managed diversified financial services group that is unique within the South African operating context. The owner-managed culture is complemented with an entrepreneurial passion. Vunani has successfully built a strong financial services platform with a diverse financial-service product offering.


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