CONSOLIDATED packaging manufacturer Nampak Zimbabwe has reported a significant drop in key profit margins due to increased competition, which is eroding its market share. The informalisation of the retail sector and disruptions to the route-to-market also contributed to declining demand from some customer segments. In a statement accompanying the company’s financials for the first half,…
Competition hits Nampak margins
During the year, Nampak completed the disposal of Bevcan Nigeria, the I&CS businesses, and Kenyan assets.