Nampak shareholders denied dividend

NAMPAK, Africa’s largest diversified packaging manufacturer, says it is withholding dividends to shareholders due to a worsening liquidity crisis in Zimbabwe. Although volumes at the Zimbabwe unit have continued to grow and “are self-sustaining across the various substrates” Nampak said it is still encountering problems in accessing cash from the business. “The availability of foreign…

Subscribe to read full article. Subscribe today

Related posts

Stanbic boosts spending on local suppliers

Hippo Valley flags water risks

PPC margins surge on plant efficiencies

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More