In that site he has informed of his commitment to fulfil the role of Debenture Trustee and work in the interests of the Debenture Holders

Go to the web site and click on the Nova Debenture Trust link/button to read his foundation statement

This channel arises in part from the historical lack of communication out of Nova and where certain (many?) actions of the Chairman and the Executive have rung alarm bells for him and which, he has decided, necessitate public highlighting

Whilst some negativity and suspicion of Tromp has been detected amongst some Debenture Holders and activists in the past we are, in terms of a conscious decision taken some time ago, willing to co-operate with anybody or entity that opposes Nova. This is despite any alleged past activity or actions or suspicions that such persons or entities may have engaged in provided that we are satisfied about the bona fides of their actions taken against Nova and/or in the interests of achieving repayment for the Sharemax investors – whether out of Nova operations or from persons or entities that eventually carry the blame and accountability for the alleged illegal and irregular shut-down of the Property Syndication Promotions Companies in 2010

Note also the other links/buttons in the Nova Debenture Trust page under the heading Media Statements. Tromp will be publishing information under these headings in the future

There is already a post present on his response to Nova’s reaction to his public statements via Moneyweb plus an exposé on the situation regarding Amogela Mall in Welkom (formerly Liberty Mall)

The Amogela post is likely to set the tone for future posts on other of the Nova properties and related matters

The news will not always be good – in fact, may never be good

Appreciate that Tromp, whilst in office as the Debenture Trustee, is, first and foremost, a Chartered Accountant and it is quite possible that much of his future posts will be conveyance of the bad news that he has detected in his scrutiny and analysis of Nova’s Annual Financial Statements

What therefore does this hold for the Debenture Holders and the likelihood of repayment out of Nova?

The answer is very little unless Nova can find a White Knight who will deliver the goods. We suggest: don’t hold your breath!

Thus, the answer lies in the outcomes of other actions against Nova

In direct action, the Companies Tribunal on Nova’s performance and failures, that was initiated by the Companies and Intellectual Property Commission (CIPC)

Indirectly, the impact on Nova’s future once the CIPC initiated Inter-Regulatory Investigation into the shut down of the Property Syndication companies in 2010, has delivered its Final Report

Whilst both of these are very slow moving they are nonetheless, still on the go and will still deliver, as per direct and indirect feedback received from time to time

What are the possible outcomes for Nova as a result of the revelatory actions by Tromp?

That remains to be seen. Will the CIPC include details of his revelations in the agenda for the Companies Tribunal hearing? Will the frequent assertions that Nova is in fact, insolvent result in the company being placed under administration (with removal of the current Board of Directors)? Will yet another Business Rescue Plan be necessary? What will all of this mean as regards time-frames relevant to any foreseen eventual repayment?

See also:
www.ndcag.co.za/go/202506101 Nova trustee takes on Sharemax rescue vehicle board
and
<www.ndcag.co.za/go/202506102?fbclid=IwZXh0bgNhZW0CMTAAYnJpZBExZ1pMY jJNMDVWUVJ5ZDNBYgEeW2nxjcUOAlVCE0GwhxgbEKktcxrs4F9QNGvfX9Li3HAMFML4B8Y6IO0mj os_aem_gJe1s8vmwEq9DnlL2joBzg> www.ndcag.co.za/go/202506102 Official Response from the Trustee of the Debenture Trust on the Moneyweb article of 19 June 2025 – Sharemax Rescue Vehicle on the Brink as Creditors Circle
and
iono.fm/e/1572350: RSG Geldsake podcast (available in Afrikaans only) featuring Tromp on liquidation applications against Nova

Op daardie webwerf het hy ingelig oor sy verbintenis om die rol van Skuldbrieftrustee te vervul en in die belang van die Skuldbriefhouers te werk

Gaan na die webwerf en klik op die Nova Denture Trust-skakel/knoppie om sy stigtingsverklaring te lees

Hierdie kanaal spruit deels voort uit die historiese gebrek aan kommunikasie vanuit Nova en waar sekere (vele?) optrede van die Voorsitter en die Uitvoerende Kommitee alarmklokke vir hom laat lui het en wat, volgens hom, openbare uitlig noodsaak

Alhoewel daar in die verlede negatiwiteit en agterdog teenoor Tromp onder sommige Skuldbriefhouers en aktiviste bespeur is, is ons, in terme van ‘n bewuste besluit wat ‘n geruime tyd gelede geneem is, bereid om saam te werk met enigiemand of entiteit wat Nova teenstaan. Dit is ten spyte van enige beweerde vorige aktiwiteite of aksies of vermoedens waaraan sulke persone of entiteite moontlik deelgeneem het, mits ons tevrede is met die bona fides van hul optrede teen Nova en/of in die belang van die verkryging van terugbetaling vir die Sharemax-beleggers – hetsy uit Nova-bedrywighede of van persone of entiteite wat uiteindelik die skuld en aanspreeklikheid dra vir die beweerde onwettige en onreëlmatige sluiting van die Eiendomsindikasie-promosiemaatskappye in 2010

Let ook op die ander skakels/knoppies op die Nova Debenture Trust-bladsy onder die opskrif Mediaverklarings. Tromp sal in die toekoms inligting onder hierdie opskrifte publiseer

Daar is reeds ‘n plasing beskikbaar oor sy reaksie op Nova se openbare verklarings via Moneyweb, plus ‘n uiteensetting oor die situasie rakende Amogela Mall in Welkom (voorheen Liberty Mall).

Die Amogela-plasing sal waarskynlik die toon aangee vir toekomstige plasings oor ander van die Nova-eiendomme en verwante sake

Die nuus sal nie altyd goed wees nie – trouens, dit mag nooit goed wees nie

Daar moet verstaan word dat Tromp, terwyl hy in die amp as die Skuldbrieftrustee optree, eerstens ‘n Geoktrooieerde Rekenmeester is en dit is heel moontlik dat baie van sy toekomstige poste die oordrag van die slegte nuus sal wees wat hy in sy ondersoek en ontleding van Nova se jaarlikse finansiële state opgespoor het

Wat hou dit dus in vir die Skuldbriefhouers en die waarskynlikheid van terugbetaling uit Nova?

Die antwoord is baie min tensy Nova ‘n Wit Ridder kan vind wat die terugbetaling sal lewer. Ons stel voor: moenie jou asem ophou nie!

Dus lê die antwoord in die uitkomste van ander aksies teen Nova

In direkte aksie, die Maatskappytribunaal oor Nova se prestasie en mislukkings, wat deur die Companies and Intellectual Property Commission (CIPC) geïnisieer is

Indirek, die impak op Nova se toekoms nadat die CIPC ‘n Inter-Regulatoriese Ondersoek na die sluiting van die Eiendomsindikasiemaatskappye in 2010 begin het, sy Finale Verslag gelewer het

Alhoewel beide hiervan baie stadig beweeg, is hulle nietemin steeds aan die gang en sal, volgens direkte en indirekte terugvoer wat van tyd tot tyd ontvang word, steeds uitkomste lewer en hopelik, die gewenste terugbetaling

Wat is die moontlike uitkomste vir Nova as gevolg van die openbarende aksies deur Tromp?

Dit bly nog gesien te word. Sal die CIPC besonderhede van sy onthullings in die agenda vir die Maatskappytribunaalverhoor insluit? Sal die gereelde bewerings dat Nova in werklikheid insolvent is, daartoe lei dat die maatskappy onder administrasie geplaas word (met die verwydering van die huidige direksie)? Sal nog ‘n sake-reddingsplan nodig wees? Wat sal dit alles beteken ten opsigte van tydsraamwerke wat relevant is tot enige voorsiene uiteindelike terugbetaling?

Sien ook:
<www.ndcag.co.za/go/202506101> www.ndcag.co.za/go/202506101 Nova trustee takes on Sharemax rescue vehicle board
and
<www.ndcag.co.za/go/202506102?fbclid=IwZXh0bgNhZW0CMTAAYnJpZBExZ1pMY jJNMDVWUVJ5ZDNBYgEeW2nxjcUOAlVCE0GwhxgbEKktcxrs4F9QNGvfX9Li3HAMFML4B8Y6IO0mj os_aem_gJe1s8vmwEq9DnlL2joBzg> www.ndcag.co.za/go/202506102 Official Response from the Trustee of The Debenture Trust on the Moneyweb article Of 19 June 2025 – Sharemax Rescue Vehicle on the Brink as Creditors Circle
and
iono.fm/e/1572350: RSG Geldsake podcast (available in Afrikaans only) featuring Tromp on liquidation applications against Nova