Business brief | Mondi slumps and Pick n Pay's Summers of love
In a slow day for corporate news, JSE-listed multinational packaging group Mondi slumped after a reporting a sharp drop in profits for its third quarter. International corporate news was rather dreary as well, with Nokia cutting jobs, while both food behemoth Nestlé and French carmaker Renault also delivered some bad news for investors.to power backup power generation in the year to end-March – 80% more than it did the prior year - thanks to Eskom’s ongoing load shedding.
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