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Vunani Capital Markets

The fixed interest and money market trading operations of previous acquisitions by Vunani Capital (Pty) Ltd., i.e. Vector Equities (Pty) Ltd. and Vector Securities & Derivatives (Pty) Ltd. in 2006 and Kagiso Securities (Pty) Ltd. in 2010 have been integrated into Vunani Capital Markets (Pty) Ltd.,  trading fixed interest and money market instruments on behalf of institutional and corporate clients.

The Bonds Team has a wealth of fixed interest experience (of over 54 years)  with a substantial institutional client base.

These entities compliment the Vunani Securities equity trading capabilities. 


The Team


Sarel Pretorius

Head - Fixed Income Sales & Trading

Qualifications - MComm
Tel: +27 11 326 5198
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Sarel started his career at Transnet as a bond analyst in the primary market supporting bond issuances.  He moved to Merchant Banking where he did extensive economic research on the domestic economy.  He later joined the bond desk in treasury where he traded derivatives, more specifically bond options, where he picked up valuable experience on the sell side.

Sarel then joined a well-known Stockbroker at the JSE in 1991 on the bond side and after an extensive period with them the company was taken over by an international bank (ABN AMRO).  He established with some of his former colleagues the then first independent BEE stockbroker (Kagiso Securities) with the main shareholder being Kagiso Trust Investments.

Sarel was then approached (in 2003) by TIC (Thebe Investment Corporation) together with three former colleagues to join Thebe Securities and was responsible for the fixed income business for just over nine years before joining Vunani Capital markets. He has over 28 years' experience in the fixed income market.



Marten Banninga

Senior Bonds Dealer
Tel: +27 11 326 5198
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Marten joined the Vunani Fiexed income team in February 2017. He started his career at the South African Reserve Bank (SARB) in 1986 and at the same time started to study part time at the University of Pretoria and completed his B. Com (Accountancy) degree in 1991. Market and trading experience in the South African fixed income market was gained working in the banking and broking environment. At the SARB he first worked his way through administration and risk management into dealing in Money Market and Capital Market instruments, including market making in the Government Bond Market. To further expand his Central Bank knowledge he also joined the SARB's Bank Supervision department and was a supervisor liaising with one of the 4 major Banks at senior level regarding various banking regulatory issues. He left the service of the SARB at the end of 1997 and has since then been involved in the financial markets trading Capital Market and Money Market instruments as a proprietary trader and as a back-to-back client trader at FBC Fidelity Investment Bank, Barnard Jacobs Mellet Securities, Decillion Securities and WWC Trading.



George Shaw

Money Market Trader
Qualifications - BCom, MBA
Tel: +27 11 11 263 9547

 Email : This email address is being protected from spambots. You need JavaScript enabled to view it.

George started his financial market career in 1994-1997 at TCTA were he was involved with issuance of new bonds (WS02/WS03) and setting up of market-making arrangements. Thereafter he moved into banking in 1997 and first worked at FBC Fidelity Investment bank until 2000, then later for ABN Amro Bank (2000-2003) and Standard Chartered Bank(2003-2008) in money market, ALM Portfolio, funding and risk management.  He moved into consulting roles and have revitalized and started up business initiatives especially in money market, ALM, DMTN origination and fixed income space and also spent some time in other African markets (Botswana, Kenya, Zambia) and the Middle East (Dubai).

He is a SAFEX qualified trader, alternative Compliance officer with a Security Institute of London Capital Market qualification and also has an ACI Operational qualification. His formal qualification is a BComm, MBA. George is currently fulfilling the role of a Money Market Trader at Vunani.


Vunani Capital Markets Proprietary Limited is  an Authorised Financial Services Provider (FSP  15784)