Southern Africa

Sappi issued on 4 August 2022 via the Stock Exchange News Service of the JSE an announcement entitled 'Third quarter results for the period ended June 2022'.

Although there were 18 awards presented at the 2022 Sappi Southern Africa (SSA) Safety Excellence Awards, in reality these award winners represent the thousands of people who return home safely to their loved ones and families every day from a Sappi site.

“Forward with Sappi, forward,” were the words of encouragement that the President of South Africa, His Excellency Mr Cyril Ramaphosa, had for the team from Sappi as he led the official opening of the ZAR7.7 billion expansion and environmental upgrade project at the Sappi Saiccor Mill on Tuesday, 13 September 2022.

A mammoth expansion and environmental upgrade project at the Sappi Saiccor Mill was officially opened by the President of South Africa, His Excellency Mr Cyril Ramaphosa, today in Umkomaas, KwaZulu-Natal.

The Deputy Minister of Forestry, Fisheries and the Environment, Ms Makhotso Sotyu, was hosted by Sappi in Mpumalanga at its Ngodwana Nursery, as part of the official launch of the National Arbor Month campaign on Wednesday, 01 September 2022.

We’re taking a leaf out of Mother Nature’s book and ‘bee-friending’ our local allies through partnerships with various beekeeping businesses.

Sappi’s International Revolving Credit Facility (RCF) of EUR 515 million benefits from the group’s newly developed Sustainable Financing Framework.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am very proud of another quarter of record earnings against a backdrop of significant geopolitical turmoil, supply chain headwinds and extraordinary global inflationary pressures.”

Sappi is pleased to announce that the science-based carbon emission reduction target of 41.5% per ton of product has been approved by the Science Based Targets initiative (SBTi).