No dividend for Nampak — again
The listed packaging manufacturer says liquidity problems in its Zimbabwe operations and delays in the sale of its glass business have forced it into cash-preservation mode
30 May 2019 - 18:22
Nampak shareholders will wait longer for dividends as Africa’s largest diversified packaging manufacturer has taken a cautious stance amid continued liquidity problems in Zimbabwe and the delayed sale of its glass business.
Currency volatility and unfavourable macro-economic conditions in the key South African, Angolan and Zimbabwean markets have pushed the company into cash preservation mode...
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