Tough economic climate is benefiting the packaging company as consumers turn to cheaper food options
Packaging company Nampak said on Wednesday that while SA consumers remain under pressure, it is benefiting from higher sales of canned fish and vegetables.
“This current economic climate is not expected to change before the elections to be held in May 2019. Nigeria, meanwhile, is “well on its way to recovery”, helping the group’s Bevcan volumes in that market reach record production levels. Meanwhile, Nampak said it is in talks with a black-owned company in SA regarding the sale of its glass business.
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