www.moneyweb.co.za/moneyweb…/nova-insolvency-pays/
Extract:
“The delay ensured that Nova, a high-profile company tasked by the high court to repay investors of the largest failed property investment scheme, could hide the disclosure of its dire financial position to debenture holders, creditors and other stakeholders for five months.”
This “hiding” was in fact for a period of thirteen months, dating from the late publication, in late December ’23, of the 2023 financial statements – which was the last public communication by Nova prior to the release of the ’24 statements in January ’25
This “hiding” was in fact for a period of thirteen months, dating from the late publication, in late December ’23, of the 2023 financial statements – which was the last public communication by Nova prior to the release of the ’24 statements in January ’25