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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Top News In Nova Debenture Trust Today - Breaking & Trending Today
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 vehicle's assets are overstated by nearly R1.5bn.
Source: moneyweb.co.za
Nova board may not have 'capacity or intent' to repay former Sharemax investors
Sharemax rescue vehicle has only repaid 'a meagre 12.12%' of the cash it received from its operations and the sale of properties to debenture holders.
Source: moneyweb.co.za