Higher operating costs dampen Vunani’s revenue growth
Close to half of the group’s revenue was generated by its insurance segment
06 October 2022 - 15:56
Black-owned financial services group Vunani has seen an increase in revenue and premium revenue cut backby high inflation, pushing up its operating costs.
The R479m company said on Thursday in its interim results to end-August that revenue and premium revenue increased 17.2% to R376.8m, in part because death claims in its insurance business fell as the Covid-19 pandemic waned...
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