Southern Africa

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased with the continued recovery in our results over the past nine months. EBITDA improved progressively from a low of US$26m in our third quarter of 2020 due to the impact of COVID-19 to US$98m for the first quarter of our 2021 financial year. I am confident that our recovery is on track despite the ongoing negative affect from COVID-19.”

Sappi Limited, a global forest products leader, is proud to announce that its South African division has been awarded the first ever Programme for the Endorsement of Forest Certification (PEFC) forest management certificate in South Africa.

Sappi Limited wishes to congratulate Mr Valli Moosa for his appointment by President Cyril Ramaphosa as deputy-chair and member of the inaugural Presidential Climate Change Coordinating Commission for South Africa. The Commission is chaired by the President.

Sappi Limited has announced that Marco Eikelenboom, currently Vice President Marketing & Sales, Graphic Papers at Sappi Europe, has been appointed as CEO of Sappi Europe as from 1 April 2021.

Globally accredited sustainability ratings provider EcoVadis has scored Sappi Southern Africa Platinum Medal status in its assessment of how well the company has integrated sustainability principles into its business and management system.

Sappi Limited today announced the completion and final terms of an offering of senior, unsecured, convertible unlisted registered bonds due in 2025 with an aggregate principal amount of ZAR1,800,000,000 by Sappi Southern Africa Limited (Sappi Southern Africa).

The Sappi Saiccor Mill situated in Umkomaas, KwaZulu-Natal hosted a high-level delegation from the office of the outgoing MEC for Economic Development, Tourism and Environmental Affairs (EDTEA), Ms Nomusa Dube-Ncube, as part of the KZN International Investment Conference.