Media out to destroy R2.1bn property group, says chairman - Moneyweb

The chairman of Nova Property Group, Connie Myburgh says it appears to him that certain sections of the press are doing their best to make things difficult for the group and its directors. Myburgh was speaking at the group’s annual general meeting, held in Pretoria on Tuesday. The Nova Property Group is the owner of most of the properties that were promoted to investors by failed property syndicator Sharemax. It has property assets worth R2.1bn. Nova acquired these properties as part of a scheme of arrangement that was sanctioned by the High Court on January 20, 2012. Myburgh took particular aim at Moneyweb and this journalist who attended the AGM by means of a proxy. He said it is this journalist’s intention to hurt the Nova Group. “We know precisely who Mr Cobbett is working with,” said Myburgh. “The people that are trying very hard, like they did in 2010, to hurt the investors, the group and the company.” Despite this alleged attack on Nova, Moneyweb can confirm that to date n