Packaging demand is linked to consumer spending and retail volumes, both getting hammered by rate hikes and…by @jse_tttrading on $MPT

Packaging demand is linked to consumer spending and retail volumes, both getting hammered by rate hikes and load-shedding. MPT's margins are under pressure but the long-term view hasn't changed, they've got decent assets and the rand weakness actually helps export pricing. At R19.00 it's not a screaming buy but inflation very high means input costs stay sticky, so I'll keep holding as long as it takes for this cycle to turn.