© AFRICA’s largest packaging manufacturer, Nampak, says it recorded a net foreign exchange loss of nearly R2 billion (US$137 million) because of Zimbabwe’s currency devaluation. Nampak said it absorbed a net devaluation loss of R1 billion on Zimbabwe’s currency devaluation, a development that impacted on profits. [GoogleAd] “The impact of hyperinflationary accounting on the Zimbabwean…
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