Nampak is confident R2bn capital raise will steer it back on course
Nampak’s push into Africa between 2010 and 2012 has seen it rack up a debt pile that stood at R5.2bn by end-Sept, far higher than its current market capitalisation. This means it has to refinance before the end of March next year. But “once we can get a successful capital raise, the relief it will put on our balance sheet will allow us to go back to some of our creditors to allow them to extend further payment terms to us,” its CEO said.