Southern Africa

TuksSport and the University of Pretoria is proud to announce that Sappi – global pulp and paper group headquartered in South Africa – has come on board as the new naming sponsor of the annual TuksRace.

In a strong demonstration of its ongoing commitment to supporting investment in KwaZulu-Natal, Sappi Southern Africa has pledged to invest R10.8 billion in the province over the next five years.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following a strong last quarter, I am pleased we were able to exceed our expectations for the year with Adjusted EBITDA* of US$684 million for the year ended September 2024.

Sappi Limited, a global leader in dissolving wood pulp, as well as graphic, packaging and speciality papers and biomaterials, is pleased to announce that Graeme Wild (52), currently Vice President Sales and Marketing at Sappi Southern Africa, has been appointed as CEO of Sappi Southern Africa as from 01 December 2024.

Runners and cyclists are invited to make it a Heritage long weekend this year by kicking it off with the exciting Sappi Scottburgh MTB & Trail Run taking place on Sunday 22 September 2024

Rooting for Sustainability: Conserving Medicinal Plants in South Africa

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased the Group delivered EBITDA (earnings) more than 40% above the prior year at US$151 million. Despite the third quarter being a seasonally slower period for our business, and the sluggish global economy, our results were in line with our guidance. Underlying profitability, excluding a US$30 million impact from scheduled maintenance shuts at Saiccor and Somerset Mills, remained steady quarter-on-quarter. This is a pleasing performance driven by sustained strong market conditions in the pulp segment, offset somewhat by a muted recovery in paper markets.”