Protests eat into Vunani’s profits
Output in its commodities business fell 80% because of community unrest, says financial services firm
10 October 2019 - 09:11
Financial services group Vunani, which is headed by Ethan Dube, said on Thursday that community unrest had resulted in an 80% decrease in production in its commodities business for the six months ended August.
Total profit fell 35% to R18.9m due to the community unrest near its discard coal mine dump called Schoongezicht in Witbank, the company said. Revenue from operations fell 27% to R170.5m...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.