Novus Holdings to sell Novus Print letting enterprise for ZAR 91.7 million

  • Novus agreed, via its subsidiary Novus Print, to sell its letting enterprise to Firm Favourite Investments 10 for ZAR 91.7 million.
  • The assets include two KwaZulu-Natal properties (Erf 97 and Erf 98, Phoenix Industrial Park) and the related lease with Mthembu Paper Mill.
  • Payment of the ZAR 91.7 million consideration is due on registration of transfer, expected around end-June 2026.
  • Net assets of the letting enterprise were ZAR 58.7 million as per audited financial statements and ZAR 57.9 million as per interim financial statements.
  • Profit before tax attributable to the letting enterprise was ZAR 7.3 million and ZAR 3.6 million for the two reporting periods disclosed.


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