Nampak’s share at 28-year low as CEO heads to Eskom

South Africa News News

Nampak’s share at 28-year low as CEO heads to Eskom
South Africa Latest News,South Africa Headlines
  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Hyperinflation in Zimbabwe weighed on the packaging group, which has reported a full-year R1.5bn loss

Nampak will stick to a cost-cutting and debt reduction strategy spearheaded by its outgoing CEO Andre de Ruyter, who takes the helm at debt-laden power utility Eskom in January.

Africa’s biggest packaging company, which swung into a hefty annual loss of R1.5bn, has been selling off noncore assets to raise funds to pay down debt, cutting costs and pushing deeper in high-margin but problematic markets in the rest of the continent to offset slow growth at home.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BDliveSA /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nampak’s share at 28-year low as CEO heads to EskomHyperinflation in Zimbabwe weighed on the packaging group, which has reported a full-year R1.5bn loss
Read more »

Nampak’s share at 28-year low as CEO heads to EskomHyperinflation in Zimbabwe weighed on the packaging group, which has reported a full-year R1.5bn loss
Read more »

Market Data — November 28 2019Market data including bonds, unit trusts and fuel prices
Read more »

Nampak’s share at 28-year low as CEO heads to EskomHyperinflation in Zimbabwe weighed on the packaging group, which has reported a full-year R1.5bn loss
Read more »

Nampak’s share at 28-year low as CEO heads to EskomHyperinflation in Zimbabwe weighed on the packaging group, which has reported a full-year R1.5bn loss
Read more »

Eskom projected to make a full-year loss of R20bn‘We concede the Eskom turnaround remains a difficult and long journey,’ Eskom chair Jabu Mabuza says
Read more »



Render Time: 2025-02-14 10:18:41