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...

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