About Nampak

Nampak is Africa’s largest diversified packaging group. We are the market leader in manufacturing beverage cans in South Africa, Nigeria and Angola and have commanding positions in other metal, glass and plastic packaging. We are the sole producer of cigarette cartons in Nigeria and a significant manufacturer of paper packaging in many other African countries. For more than 70 years we have invested in world-class facilities in 11 countries in Africa as well as in the United Kingdom and Ireland.

Our 6 678 people provide leading-edge packaging to our customers, some of whom are among the world’s largest FMCG companies. Nampak has a well resourced R&D facility that provides innovative solutions which fully supports our varied customers’ packaging requirements. We support recycling, reuse and recovery of used packaging. Our strategy is to unlock further value from our base business and accelerate growth in the Rest of Africa.

To provide best-in-class packaging throughout our selected markets

To deliver sustainable value to stakeholders as a responsible corporate citizen and leader in packaging in our selected markets


Challenging macro-economic environemnt in key markets

Liquidity restrictions and the exposure of restricted cash to currency volatility

Our operational and financial performance

People - safety, skills and transformation

Uncertain regulatory and policy environment

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How we performed in 2016

In the face of macro-economic challenges that led to demand and currency volatility, Nampak delivered improved trading results for 2016.

revenue up


Earnings per


Headline earnings
per share


R1.7 billion
South African property sale and leaseback

Net increase in cash of R4.2 billion versus decrease of R1.5 billion in prior year.


Revenue from the Rest of Africa up


Contribution to group trading income 52%

Reduced net gearing from

72% to 49%

Abnormal foreign exchange losses in Nigeria and Angola of R681 million due to in-country dollar shortages
Cash extraction from Rest of Africa up from 59% to


R186 million
swing in Glass's profitability

Nampak apprenticeships increased by 18% to





Achieved LTIFR of


against the target of 0.50

Recycled 59 000 tonnes of glass

Cut water consumption by


9% reduction in CO2 emissions per R million revenue

Corporate social investment spend of

R8.5 million

In South Africa and a further R1.0 million in Rest of Africa.

How we create value using the six capitals

We create value by converting raw materials into packaging products used to protect, preserve and transport consumer products. To do this, we rely on various relationships and resources, which we refer to as the six capitals.

We need inputs of each to deliver on our strategy and generate value for all stakeholders. We carefully consider the trade-offs between the capitals, aiming to maximise positive outputs and outcomes, and limit any negative impacts.


Human capital

The health, skills, safety. initiative and diversity of our people, suppliers and partners

Manufactured capital

Our production and research facilities; cullet, tinplate, aluminium, plastic and paper; public infrastructure

Financial capital

Equity and debt financing as well as cash generated from operations and investments

Intellectual capital

Our experience; proprietary and licensed technology; innovation; operational, marketing and procurement excellence initiatives

Social capital

Communities; customers;
suppliers; trade unions; industry
bodies; governments; our brand
and reputation, regulatory

Nature capital

Water, land, air, limestone, sand and soda ash

Our business model

Informed by our vision, mission, values and governance, this supports delivery of our strategy and is our approach to people, processes and product:


  • Attract, develop and retain engaged employees
  • Develop and manage stakeholder relationships
  • Ensure accountability
  • Deliver an empowered company


  • Maintain a safe workplace
  • Secure our advantage by buying, making and selling better
  • Manufacture to the best quality and environmental standards
  • Continuously improve our performance


  • Provide reliable, fit-for-purpose products
  • Ensure consistent quality
  • Support initiatives to reduce, reuse, recycle
  • Invest in innovation through research and development

By considering our operating environment and our material issues, we ensure that we are responsive to changes and are able to adapt.

Dependable packaging products made of metals, glass, plastics and paper
gas emissions
28.67 tonnes CO2e per Rm revenue
down 8%

6 678 employees

R3.1 billion

paid in wages and salaries employees


 level 3*



Trading profit of

R1.9 billion 4%

R1.7 billion

raised from property sale and leaseback

Reduced gearing from

72% to 49%

1.4 billion

in capital expenditure

Asset impairments of

R360 million

predominantly Angolan tinplate line

R41.6 million

spent on R&D

R8.5 million

social investment in South Africa


of cullet used in glass manufacturing process

*Currently under evaluation

Chief executive's report

Building on the achievements of 2015, in 2016 we focused our efforts on unlocking further value from our base business. We put in place comprehensive plans to ‘buy, make and sell better’ and in so doing generate more cash, and moved closer towards completing our asset recapitalisation programme that is already enhancing our efficiency and competitiveness. Our operational performance improved markedly.

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