Nova predicts a bright financial future, but a ratio analysis suggests otherwise
Sharemax, Nova Property Group, Connie Myburgh, Dominique Haese
Source: moneyweb.co.za
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Mbombela cuts electricity to Nova centres due to non-payment
Sharemax rescue vehicle seems to be facing significant cash flow challenges.
Source: moneyweb.co.za
Another Nova blow
High court orders the repayment of R31.2m to bridging loan provider; judge rules Connie Myburgh had ulterior motive up his sleeve.
Source: moneyweb.co.za
The Nova bubble bursts
Auditor claims Sharemax rescue vehicles assets are overstated by nearly R1.5bn.
Source: moneyweb.co.za
'We invited whom we could'
Nova chair acknowledges that Nova did not invite all debenture holders to a critical meeting to elect a new trustee.
Source: moneyweb.co.za
Nova may be a bigger failure than Sharemax
Auditor slaps Nova with an adverse audit opinion.
Source: moneyweb.co.za
Nova debenture holders stand up to the Sharemax rescue vehicle
Group nominates Deon Pienaar to become the new trustee of the Nova debenture trust.
Roger Johnson Derek Cohen Deon Pienaar Herman Lombaard Nova Debenture Nova Debenture Creditors Action Group
Source: moneyweb.co.za
Sharemax rescue vehicle makes a U-turn on payments to investors
Nova informs investors it cannot repay debentures within the envisaged 10-year period.
Source: moneyweb.co.za
How former Sharemax investors 'saved' Connie Myburgh
Nova tried to mislead investors about related-party transaction.
Source: moneyweb.co.za