Vunani looks to renewables after coal fires earnings growth

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Company will also focus on its gaming and property portfolios

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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