Vunani looks to renewables after coal fires earnings growth

France Nouvelles Nouvelles

Vunani looks to renewables after coal fires earnings growth
France Dernières Nouvelles,France Actualités

Company will also focus on its gaming and property portfolios

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Vunani Capital Partners , which is listed on the Equity Express Securities Exchange, intends mobilising strong cash flows from its coal-mining investments to secure new opportunities in the renewable energy sphere.

VCP released on Friday a robust set of interim results to end-August with more than R70m in dividends received from its investments in associates. Profit before tax, including a huge uplift in equity accounted earnings, was up almost fourfold to R83m with the interim dividend hiked markedly to 38c a share ...

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