CONSOLIDATED packaging manufacturer Nampak Zimbabwe has reported a significant drop in key profit margins due to increased competition, which is eroding its market share.Advertisements 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
A 53 percent increase in national tobacco production to an unprecedented 352,7 million kg this year, brings optimism to the group going into the final quarter.