The nightmare continues for printing and manufacturing group Novus, which earlier this week released a trading update warning shareholders that headline earnings per share for the six months to end-September would be down by between 46% and 54%.

The group’s shareholders have had a torrid time since it listed at R17 on the JSE in March 2015. The listing followed the unbundling by Naspers’s wholly-owned subsidiary Media 24 and had been required in terms of a ruling by the competition authorities...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now