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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now