Mishma Chakanyuka, Staff Writer 
NAMPAK Zimbabwe (Nampak) says the tight liquidity in the economy has affected its ability to restock raw materials on time.
The market has been experiencing constrained liquidity after authorities enforced measures to stabilise the economy, with companies failing to access funding and maintain adequate cash flow levels.
“Although foreign currency inflows improved over the period, the tight liquidity conditions in the economy affected our ability to replenish raw materials on time,” the managing director of Nampak, John Van Gend, said in a statement accompanying the group’s financials.
He said Nampak is expected to remain profitable through to year-end although exchange rate volatility will affect raw material supplies.
“The overall situation facing the economy remains challenging. With the election season upon us, we anticipate a continuation of the current multi-currency environment,” Van Gend said.
Nampak’s revenue for the half year, at $44,8 billion, was 56 percent ahead of the prior comparable period.
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