Business

Business: Coronavirus Badly Knocked Revenues From Novus

Last updated on September 11th, 2021 at 08:16 am

The coronavirus has affected most companies income due to the lockdown enforced by the government, as a result of this Novus Holdings revenue is on the downward trajectory, the company’s income has seriously nosedived, their income fell to a minimal 4 percent.

The gathering administrations the nation and clients over the African mainland through its print creation magazines, retail embeds, indexes, books, papers and business fill in just as delivering instructive materials for governments and worldwide distributers.

Novus said its presentation has been seriously affected by the impact of the Covid-19 lockdown and the pandemic’s impact on the economy.

As a result of the impact of the coronavirus, Novus Holding sacked about some its worker just to reduce the wages bill of the company. The annual income of the company has reduced drastically, the company will be seeking to resuscitate it’s finances.

FacebookFacebookTwitterTwitterEmailEmailRedditRedditPinterestPinterestWhatsAppWhatsAppMessengerMessengerShareShare
AddThis Website Tools
Albert Echetah

Recent Posts

FA Cup third round

More than five months after the competition began with August’s extra preliminary round, the FA Cup is featuring Premier League…

January 10, 2025

UAE Sends 700 Tonnes of Food Aid to Flood Victims in Somalia

The UAE has sent 700 tons of important food supplies to the victims of floods that struck many districts in…

January 10, 2025

Doc Shebeleza has died

Legendary kwaito musician Doc Shebeleza, born Victor Bogopane, has died at age 51.  The renowned businessman and kwaito veteran had…

January 9, 2025

Mbuyiseni Ndlozi and Yazini Tetyana Quit EFF in Parliament, Sparking Speculation

Following weeks of speculation, the Economic Freedom Fighters reported that Dr Mbuyiseni Ndlozi, their former Member of Parliament has resigned.…

January 9, 2025

Top South African Singer and Actress Winnie Khumalo dies at 51

Winnie Khumalo, a singer and actress from South Africa passed away at the age of 51 following an unexpected illness…

January 8, 2025

South Africa: Matric pass rate

The 2024 matric results to be released on January 13 will be scrutinised for signs of improvement in performance in…

January 8, 2025