The share price for packaging company Nampak climbed 45% on Wednesday, its biggest gain since September 2007, as the industrial group said it has made progress in reducing its dollar-denominated debt by $100m (about R1.66bn) thanks to recent disposals. 

During the 11-month period to end-August, Nampak made progress in reducing its dollar debt using the R1.4bn net proceeds from the disposal of its glass division, and $16m from the sale of its Nigerian carton business...

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