Novus Holdings

Novus Holdings has been awarded a Level Two Broad-Based Black Economic Empowerment (B-BBEE) rating by aBEErate as of 12 December 2019, the company announced today. The Level Two rating was given in line with the revised B-BBEEE Codes of Good Practice (which came into effect on 01 December 2019) and is based on the company’s most recent Annual Financial Statements and ownership data. The new Codes have adjusted criteria for the categories Enterprise and Supplier Development (ESD) and skills development, amongst others, which resulted in Novus Holdings moving to a…

South Africa’s state power company Eskom created a consumer and business uproar this week when it implemented load shedding across the country, adding that the probability for further rolling blackouts remained high for the rest of the week. Novus Holdings, a leading commercial printing and manufacturing company with plants across the country, has acted to ensure that business interruption is minimal due to the continued power outages. “We have implemented a robust Risk Management system in line with international best practice with a well-developed Business Continuity Risk plan.  It identifies…

The Fourth Industrial Revolution (4IR), which is the way in which technology is changing our understanding and interaction with the world around us, is transforming the traditional definition of jobs, industries and economies at a monumental speed. How can industries that today play a critical role in the South African economy, yet are evolving amidst this changing climate, ensure their sustainability? According to Steve Thobela, an executive at Novus Print, a division of the Novus Holdings Group – one of South Africa’s leading commercial printers and manufacturers – the answer…

National Treasury’s recently released economic growth policy paper, which outlines its plans to support small, micro and medium enterprises (SMMEs), proves that SMMEs are being prioritised. While this is a step in the right direction, can more be done to support SMMEs to boost growth and create jobs? “SMMEs run by entrepreneurs are a beacon of light to our economy. They provide job opportunities and contribute significantly to the country’s Gross Domestic Product (GDP), which is why, as a collective in both the public and private sector, we must support…

This year the Bursary Fund Trust, supported by Novus Holdings, has awarded seven bursaries to the value of R510 000 for the 2020 academic year. To celebrate the new bursary recipients, a celebratory function was held at Lemoenkloof Guest House in Paarl on Wednesday, 06 November 2019. Annually, the Trust awards students who are financially disadvantaged with finance for their studies should they meet the requirements.  These requirements include those who show an aptitude for leadership, have a record of exceptional academic performance as well as a demonstrated history of community…

Financial Results for the Six Months Ended 30 September 2019: Group revenue declined by 3% to R2 227m (2018: R2 297m) Revenue in Packaging division increased by 6,4% with good recovery from ITB Flexible Packaging Solutions (ITB), which increased its revenue by 15,7% Net asset value per share increased by 3,1% to 918,4 cents (2018: 891,1 cents) Novus Holdings excellent B-BBEE rating sustained Novus Holdings (JSE: NVS) announced a cautious set of financial results for the half year ended 30 September 2019, due to tougher trading conditions amidst a strained economic environment.…

Unemployment in South Africa is at its highest level in almost 15 years and remains one of the highest in the world, with nearly 7 million people currently without jobs. The unemployment rate increased by 1.4 percentage points from 27.6% in the first quarter of 2019 to 29% in the second quarter of the year. According to StatsSA, this is as a result of an increase of 455 000 in the number of people who are unemployed. Ralph Ruthford, Group Executive: Human Resources at Novus Holdings says that Novus Holdings,…

With the spotlight on National Recycling Day on Friday 20 September and in the run up to Recycling Week between 16 and 21 September 2019, industry experts are calling for consumers to learn about the environmental benefits of recycling. Michelene Locke, sales director at ITB Flexible Packaging Solutions (ITB), a Novus Holdings company, says that consumers need to understand why recycling is key to keeping plastic out of the environment, and our oceans. “Plastic is not inherently bad; it is our behaviour around plastic that needs to change. In some…

At the recent Presidency Budget Vote 2019/2020, President Cyril Ramaphosa highlighted the importance of giving the youth a hand-up, and called on the country to support the youth through education, training, or employment opportunities. This is in light of the fact that, according to Statistics South Africa (Stats SA), more than 55% of youth aged between 15 and 24 years of age are unemployed, making them the most vulnerable group of the country, with a staggering 51% not having the finances to pay for their tuition according to the Higher…

The popular TV series Mad Men tells the fictional stories of the cutthroat advertising industry in the 1960s. According to critics, women were the stars of the show as they were able to transform and adapt, while the male characters could not. This is a quality that is also required today in order to progress. Ansonette Potgieter, independent sales consultant exclusively contracting to Novus Print, a division of Novus Holdings, just like the female characters in Mad Men, had to work twice as hard as her male counterparts to prove…