News and Updates

Novus Holdings Bursary Fund Trust recipients

Bursary Trust makes dreams come true

By Media Centre

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…

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Novus Holdings optimises resources amidst tough trading environment

By Media Centre

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….

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Artisans are the bedrock of SA’s economy

By Media Centre

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,…

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National Recycling Day: What is the cost of NOT recycling?

By Media Centre

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…

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Bursary Trust transforms lives

By Media Centre

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…

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Climbing the corporate sales ladder in a man’s world

By Media Centre

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…

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