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.

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,…

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