VUN - Vunani - Vunani Integrates Kagiso Securities; All regulatory approvals met

VUN - Vunani - Vunani Integrates Kagiso Securities; All regulatory approvals met
VUNANI LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/020641/06)                                            
JSE code: VUN ISIN: ZAE000110359                                                
("Vunani")                                                                      
VUNANI INTEGRATES KAGISO SECURITIES; ALL REGULATORY APPROVALS MET               
Vunani today announced that all regulatory approvals pertaining to the          
acquisition of Kagiso Securities Limited from Kagiso Investments (Proprietary)  
Limited were obtained. Kagiso Securities will be integrated with Vunani`s stock-
broking unit.                                                                   
Ethan Dube, CEO of Vunani commented:                                            
"The added scale gives us a competitive edge as local and international         
investors are increasingly looking at emerging markets for meaningful returns.  
Our asset management, property development and investment banking capacity      
allows us to compete head-on with the rest of the market.                       
"The integration will happen without delay as we move forward in growing Vunani 
into a strong medium-sized diversified financial services firm."                
Vunani is currently operating under a cautionary in terms of the JSE`s Listings 
Requirements as it is in negotiations that could have a material effect on its  
share price.                                                                    
For further information, please call:                                           
Enquiries:                                                                      
Vunani              Ethan Dube, CEO          011 263 9500                       
College Hill                                 011 447 3030                       
                   Morne Reinders           082 815 1844                        
Sandton                                                                         
22 November 2010                                                                
Independent Designated Adviser                                                  
Grindrod Bank Limited                                                           
Joint Designated Adviser                                                        
Vunani Corporate Finance                                                        
Date: 22/11/2010 08:00:01 Supplied by www.sharenet.co.za                     
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