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Media Centre

Women’s Month: Manufacturing trade beckons women

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With unemployment rates at a whopping 27.1% in the second quarter of 2018, the current state of the economy and 51.7% of the South African population being female, it is important for women to be granted opportunities in what is traditionally viewed as male-dominated industries, such as trade and manufacturing. This is the view of Nelia Burger, training and development manager at Novus Holdings, who says that South Africa still has a long way to go to remove barriers for women to enter these industries. “Artisans play a critical role…

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Novus Holdings signs printing agreement with Independent Media

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Novus Holdings, one of the largest commercial printing and manufacturing operations in Africa, today announced that it has signed a significant new printing deal with Independent Media. The contract will run for five years, commencing 01 August 2018. The allocation of these outsourced newspaper and magazine volumes will contribute strongly to group volumes. Independent Media will continue with the current in house production at its own facilities. Neil Birch, Novus Holdings Group CEO, said that the contract is welcomed given the maturity of the printing market in a constrained South…

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Bursary programmes key to impacting SA’s drop-out rate

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Only 26% of graduates finish their three-year degrees. This is according to the recently released and audited Vital Stats Public Higher Education 2016 report, which finds that the number of students who drop out of higher education institutions has increased to staggering proportions. Peter Metcalfe, Group Executive for Sales and Marketing at Novus Holdings, says that one way of assisting to resolve this statistic is with bursary programmes. Providing additional personal support together with a bursary can go a long way in addressing the poor drop-out rate at higher institutions….

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Financial results FY2018: Base-setting year as Novus Holdings moves on from uncertainty

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Financial Results Highlights for the Year Ended 31 March 2018: Diversification strategy moves in right direction as 16% of revenue income is from diversified businesses over medium term (2017: 8%) Revenue remains largely unchanged at R4,308 million (2017: R4,312 million) Free cash flow shows 68,4% increase and cash conversion ratio up by 31,1% Gross shareholder dividend of 52 cents per share declared (2017: 56 cents) 15 June 2018: Novus Holdings (JSE: NVS) today reported an increase of 0,6% in gross profit to 26,2% for the FY2018 (2017: 25,6%), thanks to…

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More artisans needed to boost SA economy

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President Cyril Ramaphosa’s YES programme a positive step in the right direction, and well help allow the very necessary transfer of trade skills, improving unemployment and economy. Unemployment rates continue to climb with 5.98 million South Africans still jobless. While many people in the country are not educated or skilled enough to get jobs in an already competitive market, numerous graduates are also among the unemployed. “The lack of skilled artisans is a major barrier to job creation and economic growth. They play a hugely important role in the economic…

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Taking the road less travelled, from teacher to sales and marketing director

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Almost thirty years ago Durban-based Michelene Locke gave up her four-year career as a teacher to enter the world of manufacturing. Today she is the head of marketing and sales at ITB Plastics, and she doesn’t regret a thing. This is the view of Michelene Locke, who today is the head of marketing and sales of ITB Plastics, a formidable South African company specialising in flexible packaging. It has grown from humble beginnings in 1984 as a family-run business to a major industry player with a staff complement of over…

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Novus Holdings announces new promotions within its packaging division

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Novus Holdings (JSE: NVS), a leader in the South African commercial printing and manufacturing sector, has appointed  Tim Stewart, previously Managing Director of ITB Plastics since 1993, to the position of Group Executive: Packaging. In addition, the Group has promoted Trevor Davies from Operations Director to Managing Director of ITB Plastics. Both appointments are effective as of 01 April 2018. “Tim has a wealth of knowledge in the packaging industry and is well connected with all major industry role players, with particularly strong relationships with customer and suppliers. In his…

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South African icon Maps Maponyane takes a stand to improve literacy

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Campaign highlights why literacy is the gateway to a better future One of South Africa’s favourite personalities, Maps Maponyane, wants learners across South Africa to know that reading for fun can ignite potential and open a door of endless possibilities. This heart-warming message was delivered by Maponyane at Kama Primary today in New Brighton, Port Elizabeth, ahead of World Book Day on 23 April 2018. The message was made possible by Novus Holdings, South Africa’s leading commercial printing and manufacturing company, who partnered with New Africa Education Foundation (NAEF), an…

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Personalised labelling the way of the future But exceptional service, coupled with innovation, will keep labelling operations relevant

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Personalised labelling, or mass personalisation, the trend that sees brand owners and consumers personalise a label with a message or an image, is being driven by innovative suppliers and equipment manufactures in the printing market. This is the view of Luke Papadopoulos, Managing Director of Paarl Labels, who says that in a competitive market, companies are more and more using the humble label as an extension of their marketing. Paarl Labels is the labelling division of Novus Holdings, Africa’s leading commercial printing operation. “Companies operating in the labelling space that…

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Budget paves way for corporates to bridge funding gap in basic education – Novus Holdings

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The recent Budget Speech, delivered by Finance Minister Malusi Gigaba, allocated a total of R324-billion expenditure on higher education over the next three years, including an extra R57-billion to cover fee-free higher education. This investment has been touted by some as being at the expense of basic education, with some saying that this means more sustainable funding is needed to ensure free and affordable education at all levels. “The Government is doing its part to deliver on its promise made in December 2017, and it is now up to the…

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