Protests eat into Vunani’s profits
Output in its commodities business fell 80% because of community unrest, says financial services firm
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...