South African packaging company Nampak reports full year loss impacted by foreign operations

SOUTH AFRICA – Africa’s largest packaging manufacturer, Nampak, reported a loss of R390m down 132% compared to last year’s profit of R1.2bn (US$81.3m), according to its annual financial results for the year ended September 30, […]

Nampak sells glass business for US$125m to AB InBev’s affiliate Isanti Glass 1

SOUTH AFRICA – Nampak, a South Africa based diversified packaging manufacturer, has sold its glass business to Isanti Glass 1 for about R1.5bn (US$125m). Isanti Glass 1 is 60% owned by investment firm Kwande Capital, […]

Nampak Zimbabwe reports growth amid unfavourable investment environment

ZIMBABWE – Paper and packaging giant, Nampak Zimbabwe says its capital expenditure projects remain curtailed after it suspended all credit extensions and capital injection by the major shareholder, reports the Chronicle. In a trading update […]

Nampak Zimbabwe reports growth in revenue despite economic downturn

ZIMBABWE – Paper and packaging group Nampak Zimbabwe has said the business recorded growth in revenues for the six months to end March 31, 2019 supported by growth in volumes in some categories. The company […]