[Sunday Update] Nampak gets the chop

Nampak cut its dividend this week. Basically, Nampak is struggling - although you'd think everything is not so bad if you read the CEO's comments. I have a couple of excerpts below:

“Nampak has delivered a strong set of results (note: then, why cut dividend?) ... During the reporting period, markets in which Nampak operates were characterised by subdued growth and volatile currencies due to lower commodity prices, drought and tightening global financial conditions (note: co...