Nampak margins to take hit from El Nino

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NAMPAK Zimbabwe (Nampark)’s margins are likely to decline owing to El Nino, power cuts and low disposable incomes, despite its revenue reaching a five-year high on record tobacco output, a research firm has predicted. Given the southern African nation’s past experiences with drought in critical years such as 1991-1994, 2002, 2004, 2012, 2016 and 2017,…