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NewZimbabwe.com – The Zimbabwe News You Trust is Zimbabwe’s leading online newspaper and published by New Zimbabwe Media Ltd. The platform brings you the latest breaking News, Business, Showbiz, Sports, Diaspora and gives you everything you’ve come to expect and love.
PAPER and packaging group, Nampak Zimbabwe suffered significant volumes decline across its business units attributed to the harsh Covid-19 impact on the local economy in the past year.
Presenting the group’s performance for the period ended September 30 2020, the group managing director, John Van Gend said the pandemic’s impact took a huge toll on the business.
“Hunyani volumes for the full year declined by 28% compared to the prior year. The corrugated division’s decline was driven by the tobacco case market where the local tobacco crop output was significantly down on the prior year,” he said.
He said the delayed start of this year’s tobacco marketing season due to Covid-19 concerns and a decline in regional exports also prompted the decline.