Nampak lenders agree to reassess R1bn debt reduction target
The amount packaging group owes will now be reviewed at end-September
Nampak lenders have agreed to review a need for it to reduce debt by R1bn by end-September, due to its improved operational performance, the packaging group says.
Africa’s largest packaging group, valued at R1.6bn on the JSE, had net debt of R4.3bn at end-March. That had been racked up amid a push into Africa, with the group suffering the effects of hyperinflation and currency volatility in some markets...