News and Events Listing

Sappi Southern Africa has been awarded the Trialogue Strategic CSI Award in recognition of its 40-year old flagship Khulisa Enterprise Supplier Development programme. The prestigious accolade is awarded annually to the programme that exemplifies best practice in strategic corporate social investment (CSI) in South Africa.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Following the records achieved in FY2022, I am pleased that we have been able to deliver a satisfactory set of results under particularly difficult circumstances with an EBITDA excluding special items of US$731 million for the year ended September 2023.”

A KwaZulu-Natal (KZN) based transport company received a tremendous boost thanks to an enterprise and supplier development partnership MOU signed in 2022 between Sappi Southern Africa and the Ithala Development Finance Corporation Limited (IDFC). Sanele Mkhize, Managing Director of Exodec 384 CC, took delivery of three brand new Mercedes trucks valued at R11.6 million on Thursday 26 October, thanks to a financing agreement from IDFC.

The persistent global economic downturn is proving to be much tougher than anticipated with depressed markets, geopolitical instability and weak economic growth combining to put significant pressure on Sappi, particularly in Europe.