The CIPC’s investigation into Nova and the alleged historical illegalities and irregularities behind the Sharemax shutdown in 2010 has reached a point where a preliminary report has been prepared. This will shortly be distributed to various players (“relevant regulators, law enforcement agencies, affected parties and interested parties [which these latter are defined as being] “confined to regulators and organs of State”) for consideration ahead of a joint review of the findings in the report to pave the way for the compilation of a final report, the contents of which would be the basis for achieving some of the objectives envisaged (See link to CIPC’s covering letter below)
It is expected that there will be a meeting of the addressed players in May and out of which the true story behind the Sharemax shutdown is likely to emerge together with information on possible prosecutions, on remedial actions for the Sharemax investors and on the fate of Nova
Link to the CIPC letter:
<www.ndcag.co.za/go/09042024> www.ndcag.co.za/go/09042024
The interim report will be shared once received
So again, sit tight, be positive and be patient!