Erik Smuts resigns as Nampak CEO
A central debt structure in SA that funds operations in an African group is incredibly dangerous, as several companies have learned the hard way. So The Finance Ghost wrote a few weeks ago, explaining the challenges at hand. Hopefully, the plans that its chief restructuring officer is putting in place (with the imminent disposal of non-core assets and divestitures from unprofitable operations), will bring about a balance sheet that is sustainable.