“Tombstone’ mall woes continue”
By Roy Cockayne at Moneyweb, 11 July
<www.moneyweb.co.za/in-depth/investigations/tombstone-mall-woes-cont inue/> www.moneyweb.co.za/in-depth/investigations/tombstone-mall-woes-conti nue/
or
<www.ndcag.co.za/go/2030> www.ndcag.co.za/go/2030
The content and import of this article is tempered by the following development:
By Roy Cockayne at Moneyweb, 11 July
<www.moneyweb.co.za/in-depth/investigations/tombstone-mall-woes-cont inue/> www.moneyweb.co.za/in-depth/investigations/tombstone-mall-woes-conti nue/
or
<www.ndcag.co.za/go/2030> www.ndcag.co.za/go/2030
The content and import of this article is tempered by the following development:
One of our members emailed Nova (for which, thank you) regarding the Moneyweb “12 Nova companies face winding up applications” article that we published herein on 11 July and requested an explanation
Nova responded with: “The matter has been settled, and the applications are being withdrawn”
This means that Nova have probably reached some understanding with Quatro Group and the withdrawal of the applications will follow the normal legal processes
We stated in our communications with the member that the relevant properties are now “out of danger” and investors have the further protection in that Nova have been instructed to cease disposing of further assets under the August ’22 directive issued by CIPC