MBABANE – Oracle Insurance Eswatini’s parent company, Vunani Limited, has recorded an 8 per cent increase in profit after tax to R24.7 million for the six months ended August 31, 2025.
This is when compared to R22.8 million in the same period last year.
Vunani Limited (JSE: VUN) is a diversified financial services group listed on both the Johannesburg Stock Exchange (JSE) and A2X. Its operations span insurance, fund management, asset administration, securities trading and advisory services. Through its subsidiaries – including Oracle Insurance Eswatini – Vunani continues to build a resilient and regionally diversified financial platform.
The financial services group credited its performance to favourable market conditions, strong revenue growth and disciplined management across its core divisions – including insurance, fund management, asset administration and institutional broking.
Revenue and insurance premiums rose 9 per cent to R356.6 million, from R327.8 million in 2024, driven mainly by the group’s insurance segment, which includes Oracle Insurance Eswatini and Oracle Life.
Other contributors to the increase included institutional stockbroking, fund management and asset administration businesses.
“We are pleased with the company’s improved performance in this tight operating climate. The group is well positioned to benefit from a recovering global economy and will continue to pursue opportunities that enhance shareholder value,” said Vunani Chief Executive Officer Ethan Dube.
Vunani, which acquired Oracle Insurance Eswatini in 2019, continues to view the Eswatini-based insurer as a strategic pillar in its regional expansion strategy.
Oracle Insurance is a composite insurer, offering both long and short-term products that cater to corporates, pension funds and individual policyholders across the kingdom.
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Oracle Eswatini’s role in regional expansion
MBABANE – As part of its regional growth strategy, Vunani continues to strengthen Oracle Insurance Eswatini’s position as a key contributor to its insurance portfolio.
In its financial results for 2024/25, the group stated that the Eswatini subsidiary plays an increasingly important role in providing diversified insurance solutions, including life, general and corporate risk products.
Through Oracle, Vunani is deepening its footprint in Eswatini’s insurance market – an industry that continues to expand under the guidance of the Financial Services Regulatory Authority (FSRA) and increasing demand for financial inclusion.
With its combination of local market expertise and group-level capital strength, Oracle Insurance Eswatini is well-positioned to capture new opportunities in both retail and institutional segments, solidifying its role as a key player within the Vunani ecosystem.
Fund management, asset administration drive growth
MBABANE – The fund management segment, which includes Vunani Fund Managers South Africa and Vunani Fund Managers Botswana, reported R70.6 million revenue, up from R69.2 million.
It narrowed its loss to R0.8 million from R5 million in the prior year.
This improvement was underpinned by the successful merger between Vunani Fund Managers and Sentio Capital Management, completed in October 2025. The merger created Vunani Sentio Fund Managers, a powerhouse overseeing more than R60 billion in assets under management – making it one of the largest independently controlled asset managers in South Africa.
Meanwhile, the asset administration segment contributed R109.2 million in revenue and R22.7 million in profit, boosted by the partial sale of 30 per cent of Fairheads Benefit Services to Old Mutual Corporate Ventures in May 2025. Fairheads’ assets under administration grew to R11.4 billion from R10.8 billion earlier in the year.
The advisory services segment, which houses Vunani Corporate Finance and Vunani Capital Partners, also delivered a positive trajectory – increasing revenue to R15.9 million from R11.2 million and narrowing its loss to R2.4 million from R4.1 million.
*Full article available in our publication.
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