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Nova Debenture News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Nova predicts a bright financial future, but a ratio analysis suggests otherwise

Sharemax, Nova Property Group, Connie Myburgh, Dominique Haese

South africaSouth africanDominique haeseCharl kocksConnie myburghEdward altmanNova debentureProperty commissionYork universityNova property groupNova groupAltmanz scoreIntellectual property commissionAltmanz scoresProfessor edward altmanNew york university

Mbombela cuts electricity to Nova centres due to non-payment

Sharemax rescue vehicle seems to be facing significant cash flow challenges.

Kwazulu natalSouth africaDalene willemseMatthew osterlohDominique haeseConnie myburghMariska mullerProperty commissionCourtside centre in nelspruitNova debentureVillage centreNova property groupCentro property groupQuatro groupBeneficio finance corporationSupreme court

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 .

South africaNorth westCloete murrayHarrison whiteHans klopperConnie myburghPretoria high courtFinancial intelligence centreNova debentureNova property groupFinancial sector conduct authorityNational prosecuting authorityProperty commissionAfrican reserve bank sarbNova groupTarentaal centre

The Nova bubble bursts

Auditor claims Sharemax rescue vehicle s assets are overstated by nearly R1.5bn.

Pretoria northSouth africaCharl kocksTheresa parkConnie myburghHarrison whiteDominique haeseWitbank highveldHans klopperMaster of the high courtNova property groupCompanies tribunalProperty commissionFinancial sector conduct authorityAfrican reserve bank sarbNova group

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.

South africaRoger johnsonConnie myburghDerek cohenDeon pienaarDominique haeseProperty commissionNova debentureNova property groupNova debenture creditor action groupNova debenture trustJean pierre trompIntellectual property commission

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