{"id":14060,"date":"2012-08-30T15:27:40","date_gmt":"2012-08-30T13:27:40","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/s-africas-nampak-eyes-482-mln-in-africa-investment\/"},"modified":"2012-08-30T15:27:40","modified_gmt":"2012-08-30T13:27:40","slug":"s-africas-nampak-eyes-482-mln-in-africa-investment","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-nampak-eyes-482-mln-in-africa-investment\/","title":{"rendered":"S.Africa&#8217;s Nampak eyes $482 mln in Africa investment"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>By Tiisetso Motsoeneng<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Aug 30 (Reuters) &#8211; South African packaging<br \/>\ncompany Nampak could spend $482 million on expansion in<br \/>\nAfrica outside its home country over the next three to five<br \/>\nyears, an executive said on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s not an approved capital expenditure, it is the value<br \/>\nof identified projects that we could invest in over the next<br \/>\nthree to five years,&#8221; Graham Hayward, head of investor relations<br \/>\nat Africa&#8217;s biggest packing firm said.<\/p>\n<p><span><\/span><\/p>\n<p>The company said in a presentation on its website it had<br \/>\nidentified opportunities worth $482 million.<\/p>\n<p><span><\/span><\/p>\n<p>About $344 million could be spent in west Africa, $120<br \/>\nmillion in Angola and Mozambique, $15 million in east Africa and<br \/>\n$3 million in southern Africa.<\/p>\n<p><span><\/span><\/p>\n<p>The company, which made 16 billion rand ($1.90 billion) in<br \/>\nsales in 2011, also said it wants to increase sales contribution<br \/>\nfrom the rest of Africa to 35 percent by 2015 from about 20<br \/>\npercent now.<br \/>\n($1 = 8.4218 South African rand)<\/p>\n<p> (Reporting by Tiisetso Motsoeneng; editing by David Dolan)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Tiisetso Motsoeneng JOHANNESBURG Aug 30 (Reuters) &#8211; South African packaging company Nampak could spend $482 million on expansion in Africa outside its home country over the next three to five years, an executive said on Thursday. &#8220;It&#8217;s not an approved capital expenditure, it is the value of identified projects that we could invest in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-14060","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=14060"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14060\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}