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.

The South African company, Nampak, has cast its eye to the rest of the continent, with Angola and Nigeria first in its sights.

South African investment firm Remgro said on Wednesday it will sell its entire stake in packaging manufacturer Nampak.

Former governor of the SA Reserve Bank Tito Mboweni has been appointed chairperson of the JSE-listed packaging group, Nampak.

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.

Services group Bidvest, Africa’s biggest company by revenue, plans to acquire between 20% to 30% of shares Nampak, Bidvest said on Thursday.

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…

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…