Uitstel van CIPC Tussentydse Hersieningsvergadering/Postponement of CIPC Interim Report review meeting

by | Jun 6, 2024 | Announcements

CIPC have issued this on the postponement:

(Only available in English)

UPDATE:
Kindly be advised that due to conflicting diaries and time constraints, there has been a revision of strategy/approach in terms of the contemplated meeting which was marked for 5 June ’24.

The revised strategy is to avail the preliminary report to regulators and affected parties so they can make inputs for the draft final report over 30-business days. This will afford parties sufficient time to interrogate the report and provide the necessary input prior to a formal sitting. Thereafter, we will convene a meeting (the said inquisition/sitting) to map the final verdict and agree on applicable legal remedies within the context of Section 41 and 42 of the Constitution and subordinate legislation.

The meeting will therefore no longer be holding on 5 June ’24. The exact date will be communicated after input from the various parties has been received and a draft final report has been compiled and circulated to relevant parties.

We trust you find the above in order.

Opdatering oor CIPC Ondersoek hersieningsvergadering

by | May 14, 2024 | Announcements

Die hersieningsvergadering van CIPC se bevindinge oor sy ondersoek na Nova en die sluiting van Sharemax in 2010 wat vandag, 14 Mei gestel is, is tot 5 Junie uitgestel weens probleme om ‘n Voorsittende Beampte te vind. Ons verbeel ons dat dit ‘n persoon sou wees wat voldoende ver van die ondersoek af was en voldoende gekwalifiseerd/ervare is om die beraadslagings by te staan ​​en te verseker dat die regte uitkoms gelewer word

Ons is nie bewus van die inhoud van die CIPC se tussentydse verslag en enige aanbevelings wat dit mag bevat nie, maar ons verstaan ​​dat indien/wanneer dit vrygestel word dit “nie vir publikasie” sal wees nie. Wat openbaar gemaak sal word, verwag ons, sal die finale verslag wees wat dan alle aksies van resolusie sal dryf om die Sharemax/Nova-sage uiteindelik tot ‘n einde te bring en beide geregtigheid en vergoeding vir die Sharemax-beleggers te lewer

Update on CIPC Investigation review meeting

by | May 14, 2024 | Announcements

The review meeting of CIPC’s findings on its investigation into Nova and the shut-down of Sharemax in 2010 that was set for today, 14 May, has been postponed to 5 June due to some difficulty finding a Presiding Officer. We imagine that this would be a person who has been sufficiently distant from the investigation and sufficiently qualified/experienced to assist the deliberations and ensure that the right outcome is delivered
We are not aware of the content of the CIPC’s Interim Report, and any recommendations that it might contain but we understand that if/when released it will be “not for publication”. What will be made public, we expect, will be the Final Report which will then drive all actions of resolution to bring the Sharemax/Nova saga to a close at last and deliver both justice and compensation for the Sharemax investors