BULL’S EYE: In this economy, the Zam-Buk stops here
The fortunes of packaging company Nampak’s DivFood division swing on cheap beans, bully beef and ointment
The drive to Nampak (https://www.sharenet.co.za/v3/quickshare.php?scode=NPK)’s factory in Vanderbijlpark takes you through a 1970s-style vision of SA as a young and thrusting industrial pup, feasting on cheap labour, its home-grown enterprises showing two fingers to the moralising curmudgeons up north.
Today the air is still crusty with smog, the roads once you get off the highway are rutted and decrepit, and throngs of unemployed people loiter on the littered verges.
This area remains home to SA’s most stellar industrial achievement, Sasol, although the domestic operation now toils in the service of some spectacular foul-ups overseas. Sasol is probably the one blue chip in the JSE top 40 you’d immediately strike off your list of investment options. ..