Ann Crotty Writer-at-large

Financial 2019 was another tough year for print and packaging group Novus, which has had a series of challenging years since it was listed on the JSE in 2015. The group, which was previously known as Paarl Media, had been part of the Naspers group and a subsidiary of Media24.

The biggest blow to the group was the renegotiation of its highly profitable printing contract with Media24 on considerably less favourable terms. A new contract came into effect on April 1 2018.

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