News and Updates

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% from 48,1 to 24,8 cents per share 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…

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…