It paints a bleak picture compared to what Nova maintain (see their December 23 Communiqué published in their web site at novapropertygroup.co.za/index.php/communiques/ and visible under Latest News>Communiques). How many members & Followers actually believed the positive statements made in this communiqué?
However, all is not totally doom and despair for our members and the Debenture Holders as a whole
The more than a decade long activism over all the issues with the original SA Reserve Bank shut-down of the PSPC (Property Syndications Promotion Companies) which includes Sharemax and other related issues is really moving forward now
The efforts of the activists involved are paying off and a report on the inter-regulatory investigation driven by CIPC, can be expected soon
Read here:
www.moneyweb.co.za/in-depth/investigations/nova-predicts-a-bright-fi nancial-future-but-a-ratio-analysis-suggests-otherwise/# <www.moneyweb.co.za/in-depth/investigations/nova-predicts-a-bright-f inancial-future-but-a-ratio-analysis-suggests-otherwise/>
or here:
<www.ndcag.co.za/go/30012024> www.ndcag.co.za/go/30012024