Nampak, ‘Beware the Ides of March’
“Are your shareholders and lenders all on the same page in this very tough macroeconomic environment?” And, “Will the lenders give you leeway and will shareholders back a rights issue, which will dilute their shares further?” asks Business Report as Nampak’s market capitalisation rapidly declines. The company’s net debt burden is now 7.8 times the value of the company, which could be fatal.