Nampak loss deepens after forex hit and increased spending on debt
Packaging company’s debt pile stems from ill-fated expansion into Africa
04 December 2023 - 08:41
Nampak CEO Phil Roux struck an optimistic tone going into the new financial year even as he warned about sustained low growth in key markets, particularly SA and Nigeria.
The packaging group is optimising its portfolio by cutting costs and potentially letting go of assets that undermine its ability to remain sustainably profitable...
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