Allegations from both sides tumble out in court papers
The former head of stressed Nampak has been brought in to set right the floundering utility
South African packaging company Nampak is expanding in faster-growing economies on the continent to offset slower growth in South Africa.
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The South African company, Nampak, has cast its eye to the rest of the continent, with Angola and Nigeria first in its sights.
Many South Africa companies have found it hard to get a foot in Angola’s lucrative door.
South African investment firm Remgro said on Wednesday it will sell its entire stake in packaging manufacturer Nampak.
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/ 3 February 2010
Former governor of the SA Reserve Bank Tito Mboweni has been appointed chairperson of the JSE-listed packaging group, Nampak.
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/ 29 September 2008
Bidvest said on Monday it will reconsider its R9-billion bid for Nampak after the packaging company said its offer for 25% of its shares was too low.
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/ 4 September 2008
Services group Bidvest, Africa’s biggest company by revenue, plans to acquire between 20% to 30% of shares Nampak, Bidvest said on Thursday.
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/ 22 November 2007
Africa’s biggest packaging group Nampak posted a 22% jump in full-year headline earnings per share (EPS), and said on Thursday it expected real earnings growth in the current year. The company had said on Friday it expected full-year headline EPS to rise by 20% to 25%.
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/ 16 November 2007
The JSE was slightly firmer at midday on Friday than it was during the morning session but it remained negative, as commodity stocks continued to be paralysed on the local bourse. By noon, the JSE’s all-share index declined 0,72%, led by a 2,25% drop in the platinum mining index.