Picture: 123RF / OKSANAOK
Picture: 123RF / OKSANAOK

Sappi is cutting capital spend by R1.5bn after the price recoveries it had expected failed to materialise due to the Covid-19 pandemic. This has also weighed on its second-quarter profit which plunged 97%.

Business Day TV spoke to group CEO Steve Binnie about how the company is preparing for further fallout from the coronavirus pandemic.