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Shares in Nampak rose more than 5% on Monday after Africa's largest packaging manufacturer hinted it may backpedal on its plans to tap shareholders for as much as R2 billion.
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Ardagh Glass Packaging South Africa, formerly known as Consol Glass, says it will create 300 jobs once it completes its third furnace in Nigel, east of Johannesburg, to cater for a buoyant demand for glass. ....
Surging demand for beverage cans helped Nampak grow full-year revenue more than a fifth, but net profitability was hit by foreign exchange losses, higher interest rates and increased impairments. ....