Nampak crashes nearly a third after saying it's looking to tap shareholders for R2bn

Shares in Nampak plunged by nearly a third on Thursday after it warned it would have to undertake a rights issue of up to R2-billion to pay down debt and increase capacity on its beverage can line. Nampak, which is SA’s biggest manufacturer of cans, said it planned to hold an extraordinary meeting to get the necessary approvals to go ahead with a rights issue sometime in the first quarter of next year.