Auditor flags Nova’s ability to continue as a going concern for 3rd year in a row
Board maintains the company is in a good financial position; says it will start to repay debentures this year.
Nova recently removed all of its branding from its office in Club Avenue, Pretoria. In the original caption of the photograph, Moneyweb stated that Nova vacated the premises. The reference was based on two independent sources who confirmed to Moneyweb that Nova moved out and the fact that Nova removed all its branding from the building and adjacent walls. There was no indication whatsoever that Nova still occupied the property.
However, after the publication of this article and the image, Mr Connie Myburgh, chairman of Nova, laid a complaint with the Press Ombud. He denied that Nova vacated the office. He said although some staff members were working from home, Nova still had a presence in the building. Image: Supplied
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Thanks Ryk, for keeping us informed.
Three auditors in four years – hard work to find the right people to say the right things (for a fee, of course).
Cohen replacement – ????? still looking around for the right person.
Does anyone know if Adv Jan G Smit is still on the board?
Vote 6
R1.9m profit…… Where’s the laughing emoji.
They can basically buy a flat in a good area.
Vote 8
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