The Nova Property Group is facing winding up applications in the high court for 12 companies within the group because these companies are allegedly unable to pay their debts. It is alleged these companies owe the Quatro Group more than R13.84 million for security and cleaning services provided to various shopping malls owed by Nova.
asks Nova to explain why it should not be closed down Labuschagne said neither the Nova Group nor any one of the 12 other companies made any payment in terms of the acknowledgement of debt to the Quatro Group or Quatro Security Services or Quatro Cleaning Services towards the debt in the acknowledgement of debt by 31 December 2022, as agreed.
orders Nova to stop selling properties Nova to take the ’s ban on its ability to sell properties on review