Overview

www.astrapak.co.za www.astrapak.co.za www.astrapak.co.za www.astrapak.co.za 

10 YEARS 

OF 

INNOVATION 

…10 Years of Innovation

Profile 

Astrapak Limited and its subsidiaries (“Astrapak” or “the Company” or “the Group”), 

headquartered in Sandton, manufacture and distribute an extensive range of plastic 

packaging products, achieving annualised revenues in excess of R2,8 billion. The 

Group has manufacturing facilities in all the main centres of South Africa and a joint 

venture in Mauritius. Astrapak employs 4 100 people in South Africa. 

The operations are grouped into four segments – Films, Rigids, Flexibles and 

Industrial – and service mainly the food, beverage, personal care and pharmaceutical, 

agricultural, industrial and retail markets. 

The Group remains focused on service, innovation and technology in 

plastic packaging in order to continue to gain an increasing share of the overall 

packaging market, and plans to continue to seek expansion through organic and 

acquisitive growth. 

Mission and vision 

Astrapak is a focused group of companies specialising in the production and 

supply of plastic packaging materials. 

Astrapak will continue to invest in innovative and technologically advanced 

companies in order to offer customers specialised packaging products 

that exploit the global trend towards plastic packaging. The Group intends 

to continue to develop dominant positions in its chosen markets around 

the country. 

Astrapak’s objective is to build the most sophisticated group of quality 

companies that deliver superior growth in earnings and value. This will be 

realised through organic development of the Group’s existing businesses 

together with the acquisition of companies which meet Astrapak’s 

investment philosophy. 

Contents 

1 Financial highlights 

2 Achievements and accolades 

4 Operating entities 

5 Business profile 

12 Directorate 

14 Chief Executive Officer’s report 

20 Divisional review – Films 

24 Divisional review – Rigids 

28 Divisional review – Flexibles 

31 Sustainability 

34 Corporate governance 

39 Group value-added statement 

40 Five-year review 

42 Remuneration report 

47 Annual financial statements 

97 Shareholders’ information 

98 Directors’ interests 

99 Notice of meeting 

102 Administration 

103 Form of proxy

Financial highlights 

> 

Volume growth 

of 8% 

> 

Redemption of 

debenture 

> 

Significant investment 

made 

Innovation 

A reusable bag with Inno-Lok Pre-Zippered feature. This incremental 

innovation and application to a 10kg bag is a South African first. 

Applying innovation 

> 

> 

> 

A South African first 

Increased convenience and economy 

Winner for the consumer and the environment 

Technology 

The Knorr Aromat design is recognised as a technical masterpiece and sets a 

benchmark for rigid plastic packaging in South Africa. 

Applying innovation in technology 

> 

> 

> 

> 

Technically a world first 

Dual tamper-evident features 

Refillable, stackable and has a hinged flip-top 

Seals and ensures moisture barrier 

Service 

The bold new Versus stand-up wine pouch is cheaper and lighter than glass, 

is unbreakable, leakproof and allows the wine to be drunk at the consumer’s 

convenience, providing an excellent service to the wine industry. 

Applying innovation in service 

> 

> 

> 

Cost-effective alternative to glass 

Efficient use of fridge space 

Easy pour and easy store features 

Astrapak annual report 2008 

1

Achievements and accolades 

Trophies 

> JJ Precision Plastics 

Gold Pack Trophy and 

Technical Innovation 

Aromat Canister 

> Cinqpet, Astrapak 

Flexibles/Diverse 

Labelling Consultants 

Easy Recycling Trophy 

Knorr Salad Dressing 

Gold 

> Saflite 

Export Packaging 

Versus Two-Litre Pouch 


Rigid Plastics 

Aromat Canister 

> Saflite 

Flexibles 

Versus Two-Litre Pouch 

Silver & Certification 

> Plastop KZN 


Ponds Cold Cream 

> Diverse Labelling 

Consultants 

Labelling 


> Cape Wrappers 

Flexibles 

Friskies 85g Retort Pouch 

> Hilfort Plastics 

Family Range 

Ina Paarman Salad 

> Consupaq 

Tubes 

Revlon Styling Gel 

> Saflite 

Presentation Packs 

Woolworths Cocktail Pouch 

> Plas-top 


Two-Litre Knorr Range 

> Cape Wrappers 

Flexibles 

Stork Country Spread 

> Plas-top 


Not A Baby Range 

> Cinqpet 



2 

Astrapak annual report 2008

Hilfort Plastics 

Production Excellence Trophy 

Amarula 500ml 

> Packaging Consultants 

Innovative Flex Pack 

Trophy 

Inno-Lok Pre-Zippered Bag 

> Saflite 

Consumer Convenience 

Woolworths Cocktailmix Pouches 

> Diverse Labelling Consultants 

Presentation Packs 

Nestlé Christmas Range 

> Diverse Labelling 

Consultants 

Family Range 

Woolworths Salad Dressing 

> Hilfort Plastics 

Export Packaging 

Amarula 500ml 

> Marcom Plastics 


Yoghurt Multi-Pack 

> Marcom Plastics 


Blu52 Dispenser 

> Plastop KZN 


Vaseline Jars and Closures 

> Plastform 


One Litre Yoghurt Tub and Lid 

> Packaging Consultants 

Components 

10kg Bag with Inno-Lok 


Components 

Closures for Robertsons Spices 

> Standard Labels 

Shrink Sleeve 

Bournvita 

> Standard Labels 

Shrink Sleeve 

Cocoa 


3

Operating entities at 29 February 2008 

ASTRAPAK LIMITED 

Master Plastics 

(Pty) Ltd 

Plas-top 

(Pty) Ltd 

Cinqpet 

(Pty) Ltd 

Plastop 

KwaZulu-Natal 

(Pty) Ltd 

Euro-matic 

Plastop 

(Pty) Ltd 

100% 

100% 

100% 

100% 

50% 

Astrapak 

KwaZulu-Natal (Pty) Ltd 

• Packaging Consultants 

100% 

Tamperpak 

(Pty) Ltd 

100% 

Astra Repo 

(Pty) Ltd 

84% 

JJ Precision 

Plastics 

(Pty) Ltd 

100% 

Diverse 

Labelling 

Consultants 

(Pty) Ltd 

100% 

Pak 2000 

(Pty) Ltd 

75% 

Consupaq 

(Pty) Ltd 

60% 

Astraflex 

(Pty) Ltd 

100% 

Riverbend 

Trade and 

Invest 50 

(Pty) Ltd 

60% 

Standard 

Labels 

Ltd 

49,5% 

Astrapak Gauteng (Pty) Ltd 

• East Rand Plastics 

• Tristar 

• City Packaging 

Barrier Film 

Converters 

(Pty) Ltd 

100% 

Marcom 

Plastics (Pty) 

Ltd 

60% 

Coralline 

Investments 

(Pty) Ltd 

74% 

100% 

Astrapak 

Western Cape (Pty) Ltd 

• Peninsula Packaging 

• Plastform 

• Ultrapak 

Saflite (Cape) 

(Pty) Ltd 

75% 

International 

Tube 

Technology 

(Pty) Ltd 

60% 

Pack-Line 

Holdings 

(Pty) Ltd 

100% 

Thermopac 

(Pty) Ltd 

100% 

Knilam 

Packaging 

(Pty) Ltd 

100% 

100% 

Alex White 

Holdings (Pty) Ltd 

Alex White 

& Company 

(Pty) Ltd 

Cape 

Wrappers 

(Pty) Ltd 

100% 

100% 

100% 

Hilfort Plastics (Pty) Ltd 

100% 

Plastech Group 

• Plastech Moulders 

(Pty) Ltd 

• PETech (Pty) Ltd 

• Printech (Pty) Ltd 

80% 

Films 

Rigids 

Flexibles 

Industrial division 

4 


Business profile 

Industrial 

Division 

Revenue contribution 

to the Group 

2,0% 

Profit from operations 

contribution to the Group 

2,4% 

INTERNATIONAL TUBE 

TECHNOLOGY 

– Cape Town 

International Tube Technology (“ITT”) 

manufactures industrial cores and tubes, focusing 

primarily on the textile/synthetic fibre industry. ITT 

has gained an enviable reputation for innovation 

and quality in both products and service; and its 

entrepreneurial approach and flexibility means 

that – when it comes to cores and tubes – 

virtually any design specification can be achieved. 

Plusnet/Geotex 

– Randfontein 

Plusnet/Geotex manufactures shadecloth for 

industrial and agricultural applications. It also 

produces fibres used for reinforcing concrete. 

These fibres are being used in the production 

of the infrastructure required for South Africa’s 

“Gautrain” project. 

In addition to textile tubes, ITT supplies a 

comprehensive range of cores, tubes and composite 

containers, which are produced for a wide range 

of packaging applications. ITT also manufactures 

edgeboard for use in stabilising pallet loads and for 

edge protection. Although mainly used to stabilise 

cartons of deciduous and citrus fruit for the export 

market, local packers and distributors also use 

edgeboard to preserve fruit quality. 

The use of edgeboard, combined with stretch 

or pallet wrap, provides improved pallet 

stability, as well as moisture and dust protection, 

representing cost savings while providing 

aesthetic appeal. 


5

Business profile continued 

Films 

Division 


to the Group 



39,3% 

22,7% 

EAST RAND PLASTICS 

– Brakpan 

Prides itself on outstanding production quality, 

East Rand Plastics produces high- and lowdensity 

polyethylene films, converting them 

into a range of sophisticated products – from 

multilayer film structures to superbly decorated 

and wicketed bags for a range of applications. 

Applications include refuse bags, carrier bags, 

shrink films, heavy-duty fertiliser bags, multilayer 

lamination sheeting, tamper-evident formfill-seal 

film and packaging for the bakery and 

agricultural industries. 

PENINSULA PACKAGING 

– Cape Town 

Widely acknowledged as one of the market 

leaders in the manufacture of plain and printed 

polyethylene films, sheeting, tubing and bags 

(both printed and unprinted), the extensive 

product range produced by Peninsula Packaging 

is supported by advanced flexographic 

printing facilities. The company also boasts 

comprehensive bagmaking facilities, catering 

for many types of bags – from wicketed bags 

through to sealed bags. 

These products are primarily used for packaging 

fresh fruit and vegetables (for local and export 

markets), fresh fish, general food, beverages, 

refuse bags and industrial packaging. 

PACKAGING CONSULTANTS 

– Durban 

Initially committed to the plain and construction film 

market, Packaging Consultants now also serves the 

six- to eight-colour, high-quality print market and 

sophisticated bag market. 

Major markets include boutique bags, form-fill-seal 

packaging material (for confectionery, maize and rice), 

bags for poultry, maize, pet food and frozen vegetables, 

as well as heavy-duty sacks for agricultural and 

chemical products. In a first for South Africa, Packaging 

Consultants has introduced Inno-Lok Pre-Zippered film 

for form-fill-seal applications. This globally patented 

product offers customers greater flexibility in packaging 

design and the company enjoys an exclusive marketing 

arrangement for the technology. 

CITY PACK 

– Randburg 

Due to the installation of co-extrusion technology, 

City Pack has been able to move shrink films into a 

new era of sophistication and added value, and is 

amongst South Africa’s market leaders in the supply 

of co-extruded, printed film for the shrink-wrapping 

of food products, beverages and industrial products. 

City Pack has also entered the form-fill-seal market and 

is a major supplier of high-quality films flexographically 

printed in up to eight colours for frozen vegetable 

packaging. 

6 


TRISTAR PLASTICS 

– Aeroton 

Tristar Plastics specialises in pallet stabilisation 

and related products for the industrial packaging 

sector. It manufactures high-quality shrink and 

stretch film products, specifically for blue-chip 

companies in the cement, brewing, milling, retail 

and mining industries. 

Tristar’s market success is maintained through 

developing integrated partnerships with customers 

in order to provide effective packaging solutions. 

PACK-LINE HOLDINGS 

– East London 

With a well-deserved reputation as a “one-stop 

packaging shop” , Pack-Line Holdings specialises 

in the manufacture of extruded film products – 

in both reel form and bags – for the industrial, 

agricultural and funeral sectors. In addition to the 

extrusion of virgin polymers, this company also uses 

recycled material for certain packaging applications. 

BARRIER FILM 

CONVERTERS 

– Durban 

Barrier Film Converters specialises in the 

manufacture of co-extruded barrier films for use in 

vacuum bag and pouch production as well as rollstock 

thermoformable films for semi-automated 

packaging in the meat, cheese and allied food 

industries. 

Co-extruded barrier films have many applications 

in the industrial market, including packaging 

of explosives, detergents, chemicals, paint and 

solvents. The company also manufactures highbarrier 

films for the wine and allied industries, 

ranging from bag-in-box liners to bulk liners for 

shipping containers. The recent installation of 

a state-of-the-art five-layer cast line will open 

opportunities through better quality control and 

product innovation. 

Key product lines include shrink film and tubing for 

an assortment of applications – from prepacked 

fruit and vegetables to clothing, linen and 

confectionery products. 


7


Rigids 

Division 


to the Group 



39,1% 

65,2% 

JJ PRECISION PLASTICS 

– Pinetown 

JJ Precision supplies all the closures for PAK 

2000’s products and serves the food and 

industrial injection-moulding markets. 

JJ Precision offers a fully-fledged toolroom that 

is vital for both the business and PAK 2000, 

staffed by qualified toolmakers with extensive 

experience in component and mould designs. 

THERMOPAC 

– Cape Town 

Thermopac specialises in the production 

of rigid thermoformed PP, HIPS and PET 

plastic packaging – mainly for the fresh food, 

prepared food, bakery and confectionery 

industries, but also for pharmaceuticals and 

cosmetics, and some industrial packaging. In 

addition, Thermopac extrudes plastic sheeting 

for the general thermoforming market. Serving 

many South African blue-chip companies, it 

has also aligned itself with overseas companies 

with which it enjoys technology-sharing 

arrangements. 

PAK 2000 

– Pinetown 

PAK 2000’s primary business is the supply 

of blow-moulded polyethylene containers – 

ranging in size from 200ml to five litres – to the 

motor vehicle lubricant sector. The company’s 

current focus is on providing innovative and 

cost-effective packaging to the petrochemical 

industry. 

CINQPET 

– Denver 

Cinqpet offers both single-stage and two-stage 

processes for PET conversion, allowing for the 

production of the widest possible range of PET 

containers – from high-volume water, oil and 

carbonated soft-drink bottles through to wide-mouth 

jars and specialised cosmetics bottles. 

The Cinqpet plant offers the following PET 

technologies: injection stretch blow-moulding of PET 

containers (single-stage); stretch blow-moulding of 

PET containers (two-stage); and injection-moulding 

of PET preforms. 

PLASTOP KZN 

– Prospecton 

Plastop KZN is among South Africa’s leading 

manufacturers of rigid plastic bottles, jars, closures 

and other components for personal-care products 

and toiletries. 

This ISO 9002-accredited factory is primarily a “hole-inthe-wall” 

operation, serving the Lever Ponds Maydon 

Wharf plant with packaging products for its personalcare 

products. 

PLAS-TOP 

– Bronkhorstspruit 

At the manufacturing plant in Bronkhorstspruit 

the accent is on the production and decoration of 

packaging for toiletries and personal-care products. 

It is at this plant that roll-on balls are manufactured 

using a complex procedure that involves blowmoulding, 

welding and grinding. 

8 


PLAS-TOP 

– Denver 

Plas-top is dedicated to producing plastic 

bottles, jars and closures. 

The following technologies are offered: 

extrusion blow-moulding of PE, PP and PVC 

containers; multi-layer extrusion blow-moulding 

of PE and PP containers; injection-moulding of 

PE and PP tubs and closures; and decoration of 

containers using UV silkscreen printing, foiling, 

labelling, pad printing and offset printing. 

EUROMATIC 

– Bronkhorstspruit 

This joint venture between Plastop and Euromatic 

A/S is a highly focused and automated plant 

dedicated to the manufacture of 1.4” (35,6mm) 

hollow PP roll-on balls. 

As the world’s leading manufacturer of hollow 

plastic balls, Euromatic was the natural choice 

to partner Plastop, which had already been 

manufacturing hollow balls for almost 20 years. 

The commissioning of the new factory took place 

in early 2005. 

PLASTECH 

– East London 

The PlasTech group of companies (“PlasTech”) 

focuses on small plastic containers for the 

health- and personal-care, beverage and 

industrial markets. In addition to being in a 

position to offer polyolefin and PVC products, 

PlasTech supplies an extensive range of PET 

bottles to the beverage and related industries. 

As an added advantage, PlasTech is able to add 

value by decorating containers and broadens 

the Group’s ability to provide a comprehensive 

in-house service. 

CONSUPAQ 

– Durban 

Established to supply short-run, low-volume 

packaging to the personal-care market, 

Consupaq developed a unique, parallel-walled 

jar in 2001 that could be injection moulded, and 

is also a major producer of personal-care tubes 

to the cosmetic and personal-care industry. 

HILFORT PLASTICS 

– Cape Town • Bloemfontein 

Operating from two plants, situated in 

Cape Town and Bloemfontein, Hilfort Plastics 

manufactures and distributes rigid plastic 

containers and closures, in capacities from 50ml 

to five litres. 

Hilfort Plastics’ focus is on rigid plastics 

packaging, with particular capabilities in 

the field of injection blow-moulding (PET), 

extrusion blow-moulding (HDPE) and injectionmoulding 

of caps and closures. The company 

also has screen-printing capability. 

PLASTFORM 

– Cape Town 

Plastform, located in the Western Cape, was 

founded in 1980 as an independent company 

and has since grown to become South Africa’s 

leading supplier of thermoformed cups, tubs 

and trays, especially for the dairy and foodrelated 

markets. 

MARCOM PLASTICS 

– Rosslyn 

Marcom produces a wide range of thin-wall 

injection-moulded polypropylene containers 

and lids, including tubs for the dairy industry 

(yoghurt, cottage cheese) as well as items such 

as beer cups and food trays for the catering and 

hospitality sectors. 


9


Flexibles 

Division 


to the Group 



19,6% 

9,7% 

DIVERSE LABELLING 

CONSULTANTS 

– Durban 

Initially established to supply PVC shrink labels 

to the beverage industry, Diverse Labelling 

Consultants (“DLC”) has since expanded into 

related technologies, such as tamper-evident 

neck bands, stretch labels, wraparound labels 

and flexible packaging for the confectionery 

industry. 

TAMPERPAK 

– Johannesburg 

Tamperpak was established to complement the 

products offered by DLC – specifically to supply 

the Gauteng and Cape markets for short-run, 

undecorated tamper-evident sleeves. 

Tamperpak operates in the market of undecorated 

tamper-evident sleeves for cosmetic, personal-care, 

pharmaceutical, food and industrial products. 

DLC operates in South Africa’s labelling market, 

and enjoys an ever-growing share of the flexible 

packaging market for the country’s major 

confectionery manufacturers. It has particular 

competence in the market for high-quality, flexoprinted 

narrow-web flexible packaging materials. 

ASTRAFLEX 

– Durban 

Situated in custom-designed premises, 

Astraflex works in conjunction with DLC, 

through a common marketing arm, to 

provide customers with the mix-and-match 

convenience of a “one-stop shop”. 

SAFLITE 

– Cape Town 

Saflite was established to take advantage of the 

burgeoning market in stand-up pouches. In its short 

history, this innovative operation has taken a sizeable 

share of the stand-up pouch market for both food 

and non-food products. 

Saflite also offers stand-up pouches with resealable 

zippers, providing the added customer convenience 

of easily resealable packs – a strong marketing plus 

for brand owners. Applications include confectionery, 

baking powder, dry yeast, DIY products, pet foods, 

pool chemicals and fabric softeners, to name a few. 

Customers for the top-class printed flexible 

packaging produced by Astraflex include 

producers of confectionery, baked products, 

frozen products, spices and cereals. There 

are also numerous customers in the 

pharmaceutical, medical and personal-care 

sectors. 

One of Saflite’s recent award-winning innovations 

is the production of a wine pouch which has 

numerous benefits for producers, consumers and 

the environment. 

10 


ASTRAPAK FLEXIBLES 

– Durban • Johannesburg 

Astrapak Flexibles is the sales and marketing 

company within the Flexibles division. Astrapak 

Flexibles strives to provide customers with the 

mix-and-match convenience of a “one-stop 

shop” for flexible packaging and labelling 

solutions. 

KNILAM PACKAGING 

– Cape Town 

Situated in custom-designed premises in 

Cape Town, Knilam manufactures specialised 

packaging systems utilising Modified 

Atmosphere Packaging (“MAP”) technology. 

Applications are typically for shelf-life extension 

of perishable food products, such as fresh 

produce. In addition, the company processes 

and supplies peelable lidding film systems. 

The company supplies to clients in both South 

and Central Africa. Many of their customers 

utilise Knilam packaging in the supply of 

prepared vegetables into the European market. 

Knilam has links with Amcor Australasia in the 

supply and technical support services relating 

to Amcor’s “Lifespan” products. This new 

development involves creating carton liners, 

utilising MAP, that enable fruit to be transported 

to export markets by sea freight. 

ASTRA REPRO 

– Durban 

Astra Repro provides an invaluable service to the 

division and the Group as a whole via its dedicated 

in-house reproduction facility. 

Apart from ensuring that prepress adjustments 

and hard-earned know-how remain strictly 

confidential, the in-house reproduction 

capabilities bring numerous advantages for the 

Group operations and their customers, including 

improved turnaround times, reduced costs 

and improved control over the production of 

photopolymer printing plates. 

CAPE WRAPPERS 

– Paarl 

Cape Wrappers has the latest printing, 

laminating and blown film equipment 

technology. Capabilities include flexographic 

printing to eight colours, and a variety of 

laminating methods. 

Cape Wrappers supplies packaging material to a 

number of industries with a focus on blue-chip 

and multinational companies, and an emphasis 

on long-term relationships with customers. The 

factory is AIB certified and has won numerous 

awards for its high quality products, both locally 

and internationally. 

STANDARD LABELS 

– Mauritius 

Serving the home market in Mauritius, as well 

as the wider Indian Ocean Islands, East African 

and Southern African markets, Standard Labels 

specialises in printing high-quality plastic and 

paper labels, packaging films and shrink sleeves. 

With a specialised focus on beverage labelling, 

Standard Labels enjoys a major share of the 

Mauritian, Réunion and East African markets. 

ALEX WHITE 

– Johannesburg 

Alex White is a sheet-fed litho printer 

specialising in a number of packaging niche 

markets. The major products supplied are 

in-mould labelling, wrap around labels and 

canning labels. 

The company is a significant supplier of 

pre-paid cellular phone cards in addition to 

horticultural packaging in East and southern 

Africa. 


11

Directorate 

01 

Khumo Seopela ‡x (43) BSc 

Hons (Psych), MSc (Clin Psych) 

Acting Chairperson 

Non-executive director 

Khumo Seopela was appointed to 

the Board on 27 March 2007. She has 

10 years’ experience in the mining 

industry within various human 

resources-related roles and has worked 

in a wide variety of capacities. She is 

a senior adviser to Royal Bafokeng 

Holdings (“RBH”), and a member of the 

executive team. Prior to joining RBH 

in February 2007, she was the Vice 

President, Human Capital of Lonmin 

Plc, South African operations. She was 

a member of the executive as well as 

the Chief Executive Forum of Lonmin. 

Prior to that she was the head of 

transformation at De Beers Consolidated 

Mines and a member of that company’s 

executive committee. Khumo has also 

worked for Anglo American Platinum 

Corporation as the Group HR Planning 

Consultant and has occupied senior 

HR roles at Transnet and Goldfields of 

South Africa. 

02 

Ray Crewe-Brown †• (63) 

BSc (Mech Eng) 

Chief Executive Officer, retired 

Executive director 

Ray Crewe-Brown has been in the 

plastics and packaging industries for 

more than 30 years. He was appointed 

Managing Director of Ampaglas (Pty) 

Limited, a specialised plastic sheeting 

manufacturer. Following the acquisition 

of Ampaglas (Pty) Limited by Murray & 

Roberts Holdings Limited in 1983, he 

was appointed Executive Chairman of 

Murray & Roberts Plastics and Abrasives 

Corporation Limited. Following Kohler 

Limited’s acquisition of Murray & 

Roberts Plastics Limited in 1992, he was 

appointed Chief Executive Officer of 

Kohler Plastics Limited and appointed to 

the board of Kohler Limited in 1994. A 

member of the Plastics Federation since 

1982, President of the Plastics Federation 

for three years and a member of the 

steering committee for the Department 

of Trade and Industry’s sponsored 

cluster study for the plastics industry, 

he is currently a director of the board of 

the Packaging Council of South Africa 

(PACSA) and a member of the executive 

committee. Ray retired on 6 June 2008. 

03 

Harry Todd x (45) BCom, BAcc, 

CA(SA) 

Financial Director 


Harry Todd qualified as a Chartered 

Accountant after completing articles 

with Deloitte & Touche. He began 

his career as Financial Manager at 

HL & L Timber Processors, then Rowa 

International. He then became Group 

Financial Manager of Swaziland Brewers 

Limited. Upon his return to South Africa, 

he took up the position of Financial 

Manager – Other Beverage Interests, at 

South African Breweries Plc. He joined 

Astrapak as Financial Director with effect 

from May 2001. 

05 

05 

Greg Petzer • (50) 

Divisional Chief Executive – 

Flexibles Division 


Greg Petzer joined Kohler Flexibles (Pty) 

Limited in 1979 as Cashbook Clerk and, 

by 1990, held the position of Commercial 

Director. In 1990 he established Diverse 

Labelling Consultants in Durban. During 

1992, he was awarded the SBDC/ 

Sanlam Entrepreneur of the Year Award. 

He joined Astrapak in 1998 when the 

Company acquired an equity share in 

Diverse Labelling Consultants. He was 

appointed as Divisional Chief Executive – 

Flexibles Division in April 2000. 

03 

01 

04 

06 

02 

04 

Johan Venter • (65) BCom, 

BCompt (Hons) 

Divisional Chief Executive – Films 

Division 


Johan Venter joined East Rand Plastics 

in 1979. He established Peninsula 

Packaging in 1979 and was appointed 

Managing Director of Peninsula 

Packaging in 1994. He was appointed 

as Divisional Chief Executive – Films 

Division in February 2002. 

06 

Marco Baglione • (46) 

Chief Executive Officer 


Marco Baglione started in the packaging 

industry in March 1984. He progressed 

through the ranks within Nampak 

Limited before leaving to establish 

PAK 2000 in Durban in 1994. He joined 

Astrapak in 1997 when the Company 

acquired an equity share in PAK 2000. 

He was appointed as Divisional Chief 

Executive – Rigids Division in July 2002. 

Marco was appointed as Chief Executive 

Officer on 6 June 2008 when Ray Crewe- 

Brown retired. 

12 


07 

Tshepo Kgage *‡x (37) BCom 

(Hons), CA(SA) 


Tshepo Kgage qualified as a Chartered 

Accountant after completing articles 

at PricewaterhouseCoopers. He 

was appointed as a Senior Audit 

Manager at Deloitte & Touche 

and then became Chief Financial 

Officer of the South African Weather 

Service. Subsequently, he joined 

Royal Bafokeng Finance where he 

is responsible for effective financial 

management and administration. His 

expanded role includes participation 

in strategic investment as well as 

treasury management. He is a Nonexecutive 

Director to Bafokeng Concor 

Technicrete (Pty) Limited. Tshepo is the 

Founding Executive Member of the 

Black Manager Forum (Vaal Branch) and 

a member of the Association of Black 

Accountants of South Africa. 

09 

10 

David Noko (50) 

Higher Diploma – Mechanical 

Engineering, MBA, Diploma in 

Company Direction Engineering, 

Government Certificate of 

Competency 


David Noko started his career at GEC (now 

Alstom), an international manufacturing 

company. In 1987, he joined South African 

Breweries where he reached senior 

management level in 1991. He then joined 

Pepsi Cola International in 1994. He joined 

Air Chefs (Pty) Ltd, the largest company in 

South Africa at the time, in 1999 as CEO. 

From 2002 to date, he has been at De Beers 

where he took over as Managing Director 

in February 2006. 

11 

Gary King (31) BCom (Hons), 

CA(SA) 

Company Secretary 

Gary King completed his articles with 

Deloitte & Touche and qualified as a 

Chartered Accountant in 2002. After 

a further two years as a manager with 

Deloitte & Touche, he moved to Super 

Group as Financial Manager in their 

DNA Automotive division. Gary joined 

Astrapak in February 2006 as Group 

Financial Manager and, with effect from 

14 July 2006, also assumed the role of 

Company Secretary. 

07 

08 

08 

John Buchanan* (64) 

CA(SA), BTh, EDP (Columbia) 


John Buchanan has 21 years’ financial 

and management experience in the 

packaging industry, 11 years’ financial 

and management experience in the 

confectionery and soft drink industry and 

six years’ experience as a non-executive 

director of listed public companies. 

Directorships include Aspen Pharmacare 

and Business Connexion. 

09 

Manley Diedloff x• (38) 

BCom (Accounts) 

Business Development Director 


Manley Diedloff completed his articles 

with Fisher Hoffman & Stride in 

December 1994. He was then employed 

as a Financial Manager with Bupa Health 

Services in the United Kingdom before 

joining HSBC Bank Plc as Internal Audit 

Manager. Upon his return to South Africa, 

he joined Grinaker Construction as an 

accountant and after three years moved 

to Astrapak as Group Accountant. He 

has held various positions in Astrapak 

including that of Group Financial 

Manager and Group Commercial 

Manager before being appointed to the 

Astrapak Board as Business Development 

Director on 1 January 2005. 

10 

11 

† Member of the Remuneration Committee * Member of the Audit Committee x Nominations Committee ‡ Non-independent • Transformation Committee 


13

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