The company has also flagged operational difficulties and tough market conditions, notably in Angola and Nigeria, also recently announced the appointment of a chief restructuring officer, Michael Dorn.
Smuts had been appointed CEO in January 2020, replacing Andre de Ruyter, who then went on to take the helm at Eskom, a position he has since resigned from. Chris Logan, MD of Opportune Investments, said turnarounds were notoriously difficult, with Nampak's"as difficult as it can possibly get."
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