Financial services group Vunani, headed by Ethan Dube, is re-entering property investment to further diversify its portfolio. The company won a tender to build a mixed-use development property in Clifton, Cape Town, and is expecting to announce another property transaction soon. The group had a property portfolio before, but sold it to Texton Property Fund in 2013 to deal with its rising debt. “Some of the guys that were in our property portfolio before we sold it are back with us now. We are aggressively looking,” said Dube. The black-owned financial services group — with operations in asset management and administration, investment banking, stock broking, property and mining — increased revenue from operations 46% to R233.7m in the six months to August. About 42% of group earning now comes from private equity ventures after a 167% revenue growth in its mining operations. “The mining sector is performing very well right now. But it’s only a balance sheet strategy for us. Without a ...

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