Companies are having to deal with operational and supply-chain disruptions that come less than nine months after the riots in July.
The inaugural investment conference has brought promises of funding to the tune of billions to strengthen the economy
From the detailed ‘Roberts’ to ‘Newman’s’ perfect illustrations, birders are spoilt for choice.
Using 98% of a tree — instead of the 48% of used today — will dramatically change the industry.
Fire season is upon Mpumalanga and its forestry industry, but several key firefighting aircraft remain grounded.
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.
The world’s biggest glossy paper manufacturer plans to push down its hefty debt burden and then resume paying dividends.
After losing millions this year, the paper maker plans to shut down part of its European operations over the next three years.
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.
The forestry giant has expanded aggressively to make itself the world market leader.
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/ 20 December 2011
Trade union Solidarity confirmed having received four section 189 layoff notifications from Sappi, which affects about 959 employees.
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/ 12 December 2011
Paper group Sappi says the ongoing restructuring within its South African operations might include retrenchments at some of its production plants.
Paper maker Sappi says it will be cutting jobs and restructuring its operations to rein in costs and focus on higher margin businesses.
South African paper maker Sappi said on Wednesday it would close its entire Biberist Mill in Switzerland after failing to find a buyer.
Sappi has started consulting labour about closing down its Adamas Mill in Port Elizabeth, the paper and packaging company said on Monday.
South African paper maker Sappi said on Thursday it may close its Biberist mill in Switzerland due to tough market conditions.
Angry northern KwaZulu-Natal communities feel BEE has not benefited them.
Listed paper manufacturer Sappi intends to sell about 4,5% of its issued share capital to black investors, the company said on Wednesday.
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/ 9 November 2009
Sappi, the world’s largest maker of fine paper used in glossy magazines, reported on Monday a drop in full-year underlying operating profit.
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/ 26 October 2009
Paper manufacturer Sappi said on Monday it has reduced its carbon footprint.
About 400 jobs are under threat as Sappi Southern Africa consults employees on reducing costs and improving efficiency, the company said on Monday.
Paper company Sappi has failed to improve worker conditions and implement ”satisfactory” training plans for its workers, Ceppwawu said on Friday.
Sappi reported an operating loss of -million for the company’s third quarter ending June 30, the paper manufacturer said on Thursday.
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.
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.
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/ 7 November 2008
Sappi on Friday launched a rights share offer at a discount of 65,2%, sending its shares tumbling more than 7%.
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/ 29 September 2008
Struggling Finnish paper maker M-real will sell its graphic papers business to Sappi for €750-million, the companies said on Monday.
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.
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.
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%.
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%.
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/ 26 February 2008
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.