Mondi beats the street as consumers shun plastic for paper
Mondi shares rose after the South African packaging maker’s earnings beat expectations amid a global trend to replace plastic with durable paper products.
Mondi shares rose after the South African packaging maker’s earnings beat expectations amid a global trend to replace plastic with durable paper products.
Russia is in free fall, as if disappearing down a sinkhole in slow motion. It has been known that Russian banks and corporates will not be able to refinance in Western debts markets any time soon.
“The two zoo officials have since been informed of their suspension pending disciplinary action against them. The city is also receiving legal counsel on laying criminal charges against all parties implicated in the investigation report,”
Steinhoff’s R63bn acquisition of Pepkor today ranks as the biggest transaction in South African corporate history. But for CEO Markus Jooste it is just the start of a exciting new international chapter for what will be a R200bn group.