Nampak’s dividend payouts curtail Q1 capex

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NAMPAK Zimbabwe (Nampak) saw a reduction in spending for the first quarter ending December 31, 2023 owing to lower cash levels from last year’s two interim dividend payouts. In FY 2023, Nampak spent $13,14 billion on capital expenditure focused mainly on projects to increase capacity and improve plant services. The country’s leading packaging product supplier…