SAPPI – The Mail & Guardian

/ 13 April 2022

Businesses count the cost of devastating KwaZulu-Natal floods

Companies are having to deal with operational and supply-chain disruptions that come less than nine months after the riots in July.

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By Sarah Smit

Article

/ 26 October 2018

Pledges worth R134bn committed at investment conference

The inaugural investment conference has brought promises of funding to the tune of billions to strengthen the economy

By Mashadi Kekana

Article

/ 25 November 2016

Twitchers can tick off superb field guide lifers

From the detailed ‘Roberts’ to ‘Newman’s’ perfect illustrations, birders are spoilt for choice.

By Staff Reporter

Article

/ 26 August 2016

Does our thirsty forestry industry need a radical rethink about use of resources?

Using 98% of a tree — instead of the 48% of used today — will dramatically change the industry.

By Sipho Kings

Article

/ 27 August 2015

Firefighters grounded in risky season

Fire season is upon Mpumalanga and its forestry industry, but several key firefighting aircraft remain grounded.

By Staff Reporter

Article

/ 12 May 2014

Sappi sees return to full-year profit

Cost cuts and a focus shift to higher margin products has put the pulp and paper producer on track to performing better than it has in five years.

By Staff Reporter

Article

/ 28 January 2014

Sappi targets new dividends after tackling R25-billion debt

The world’s biggest glossy paper manufacturer plans to push down its hefty debt burden and then resume paying dividends.

By Staff Reporter

Article

/ 7 November 2013

Sappi swings full-year loss on weak demand in Europe

After losing millions this year, the paper maker plans to shut down part of its European operations over the next three years.

By Staff Reporter

Article

/ 1 July 2013

Sappi to sell Swaziland forest for R1-billion to cut debt

The world’s largest maker of glossy paper will sell 67 000 hectares of forest in Swaziland for R1-billion in order to finance debt.

By Staff Reporter

Article

/ 15 February 2013

Sappi scores on cellulose demand

The forestry giant has expanded aggressively to make itself the world market leader.

By Teigue Payne

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Article

/ 20 December 2011

Solidarity confirms further layoffs at Sappi

Trade union Solidarity confirmed having received four section 189 layoff notifications from Sappi, which affects about 959 employees.

By Staff Reporter

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Article

/ 12 December 2011

Sappi job security on the line with restructuring

Paper group Sappi says the ongoing restructuring within its South African operations might include retrenchments at some of its production plants.

By Andries Mahlangu

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Article

/ 7 October 2011

Sappi to rejig business, slash jobs

Paper maker Sappi says it will be cutting jobs and restructuring its operations to rein in costs and focus on higher margin businesses.

By Olivia Kumwenda

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Article

/ 20 July 2011

Sappi shuts down Swiss mill

South African paper maker Sappi said on Wednesday it would close its entire Biberist Mill in Switzerland after failing to find a buyer.

By Staff Reporter

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Article

/ 23 May 2011

Sappi to close PE mill

Sappi has started consulting labour about closing down its Adamas Mill in Port Elizabeth, the paper and packaging company said on Monday.

By Staff Reporter

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Article

/ 31 March 2011

Sappi may close Switzerland mill on rising costs

South African paper maker Sappi said on Thursday it may close its Biberist mill in Switzerland due to tough market conditions.

By Staff Reporter

Article

/ 4 March 2011

Rich land, poor man

Angry northern KwaZulu-Natal communities feel BEE has not benefited them.

By Niren Tolsi

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Article

/ 24 March 2010

Sappi to sell stake to black investors

Listed paper manufacturer Sappi intends to sell about 4,5% of its issued share capital to black investors, the company said on Wednesday.

By Staff Reporter

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Article

/ 9 November 2009

Sappi full-year profit drops, sees better 2010

Sappi, the world’s largest maker of fine paper used in glossy magazines, reported on Monday a drop in full-year underlying operating profit.

By Staff Reporter

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Article

/ 26 October 2009

Sappi reduces carbon footprint

Paper manufacturer Sappi said on Monday it has reduced its carbon footprint.

By Staff Reporter

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Article

/ 31 August 2009

Jobs under threat as Sappi cuts costs at mills

About 400 jobs are under threat as Sappi Southern Africa consults employees on reducing costs and improving efficiency, the company said on Monday.

By Staff Reporter

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Article

/ 21 August 2009

Union declares dispute with Sappi

Paper company Sappi has failed to improve worker conditions and implement ”satisfactory” training plans for its workers, Ceppwawu said on Friday.

By Staff Reporter

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Article

/ 30 July 2009

Sappi reports loss of $7-million

Sappi reported an operating loss of -million for the company’s third quarter ending June 30, the paper manufacturer said on Thursday.

By Staff Reporter

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Article

/ 13 April 2009

In the woods

If there is a company that has been badly affected by the economic maelstrom, it is paper giant Sappi, which lost 80% of its market value.

By Lynley Donnelly

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Article

/ 8 January 2009

Sappi mulls cut in European fine-paper output

South Africa’s Sappi is discussing plans to cut European fine-paper output by a further 25% in January on the back of falling demand.

By Staff Reporter

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Article

/ 7 November 2008

Sappi shares slump after rights discount

Sappi on Friday launched a rights share offer at a discount of 65,2%, sending its shares tumbling more than 7%.

By Staff Reporter

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Article

/ 29 September 2008

Sappi buys M-real graphic paper unit for $1,1bn

Struggling Finnish paper maker M-real will sell its graphic papers business to Sappi for €750-million, the companies said on Monday.

By Staff Reporter

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Article

/ 31 July 2008

Sappi’s June quarter operating loss $23m

South African-based pulp and paper producer Sappi on Thursday reported a basic loss per share of 28 United States cents for the quarter ended June.

By Staff Reporter

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Article

/ 6 May 2008

Sappi lifts second-quarter earnings

Sappi, the world’s biggest maker of fine paper, increased second-quarter basic earnings per share to 68 United States cents from 25 US cents a year ago, the company said on Tuesday. Sappi said operating profit excluding special items rose 33% to -million in the three months to end-March from -million in the year-ago period.

By Staff Reporter

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Article

/ 11 April 2008

Overseas markets add support to JSE

Firmer global equities started to give the JSE support during the morning session on Friday, lifting the broader all-share index 0,91% by noon. Traders said that resource counters were also underpinning gains in the Alsi. By midday, the JSE’s resources index collected 1,59%. The platinum-mining index strengthened 3,07% and the gold-mining index advanced 1,25%.

By Staff Reporter

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Article

/ 2 April 2008

Financials extend gains and prop up JSE

Strong closes on Wall Street overnight and on Asian markets on Wednesday morning, led by financial stocks, have inspired similar local counters to extend earlier gains. By noon on Wednesday, the JSE’s broader all-share index had gained 1,14%, as banks advanced 3,4%.

By Staff Reporter

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Article

/ 26 February 2008

JSE sharply higher on world markets

South African stocks were sharply higher at midday on Tuesday following in the footsteps of European markets, but a stronger rand restricted gains. Above-forecast economic growth data added to the positive sentiment. At 11.59am, the all-share index was up 1,22% at 30 176,680, thanks to a 3,08% gain in banks.

By Staff Reporter

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