Southern Africa

When the community members of Nzinga requested assistance with the clearing of alien vegetation to improve access for their livestock for grazing purposes, the Sappi-WWF partnership saw this as a great fit for the work being done in the uMkhomazi catchment to improve water security in the area.

Following an intense selection process, Sappi’s ZAR1.8 billion 5-year Convertible Bond was recognised as the winner of the Bonds & Loans Africa Award for Structured Bond Deal of the Year for 2021 during an awards ceremony on 9 March 2022 in Cape Town

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His Excellency Mr David Mabuza, the Deputy President of South Africa, was in attendance today at the Sappi Ngodwana Mill, to accept a donation of paper, masks and sanitiser on behalf of three hundred schools in Mpumalanga.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am very pleased with an excellent performance from the group. We outperformed the guidance provided at the end of the last quarter with EBITDA at US$240 million, a 36% increase over the prior quarter (US$177 million) and more than double the equivalent quarter last year (US$98 million). Robust market demand in all product segments combined with the implementation of higher sales prices facilitated the growth and offset rising costs. This achievement was despite logistics and transport bottlenecks, as well as significant increases in energy, pulp and other raw materials.”