Paper and packaging group Mondi intends to save about R9.3bn by cutting capital expenditure and holding on to its 2019 dividend as it battles with the economic uncertainty from the Covid-19 pandemic.

The group will delay planned plant maintenance until the second half of the year, and will cut spending on capital projects by as much as €200m (R3.9bn) during 2020, it said in an update on Thursday...

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