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Nampak invests further in profitable Zim unit

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A worker at Nampak's Angola plant demonstrates how a can is made. (Adiel Ismail, Fin24)
A worker at Nampak's Angola plant demonstrates how a can is made. (Adiel Ismail, Fin24)

Harare – South Africa’s largest packaging company, Nampak has invested over $2m into its Zimbabwe unit, which on Tuesday posted a $2.4m interim operating profit after benefiting from stronger demand for packaging material from the dairy, beverages and oil sectors.

Nampak has a 51% interest in Nampak Zimbabwe and – just like the other international companies in Zimbabwe – has been pumping money into its Zimbabwe unit.

The South African company has advanced long term financing to Nampak Zimbabwe and has contributed to the $2m in short term loans by shareholders in the Zimbabwe unit. SABMiller is the other major shareholder in Nampak Zimbabwe.

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