Vunani - sale of shares by a subsidiary
Vunani Ltd. announced the sale of 50% of its interest in Verso Group (Pty) Ltd. by its wholly owned subsidiary, Vunani Capital (Pty) Ltd., to Momentum Group Ltd's subsidiary for R26.25 million. The transaction, effective from 1 September 2026, involves a cash payment of R20 million on closing, with R6.25 million payable after 12 months upon meeting certain milestones. The sale completes Vunani's disposal of its entire interest in Verso, which provides retirement fund administration and employee benefit services. The proceeds will strengthen Vunani’s financial position, improve liquidity, and support shareholder dividends.
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