Sappi announces nearly R8bn injection for KwaZulu-Natal mill
Sappi has announced almost R8bn in planned investments in KwaZulu-Natal, which acting premier Sihle Zikalala has hailed as a boost for the province’s economy. The South African pulp and paper company plans major upgrades at its Saiccor mill in Umkomaas‚ south of Durban. The investments will include a R2.7bn capacity expansion project as well as R5bn to spent over five years on various continuous improvement initiatives and upgrades. Zikalala said on Monday that it was heartening that businesses such as Sappi made commitments to the provincial economy. "We will continue to sell our province as a destination for quality investments. Working with central government‚ we will also continue to create an environment which is conducive for businesses to thrive‚" said Zikalala‚ who is the province’s economic development MEC. Zikalala‚ who was elected unopposed as the provincial ANC chairman at its conference at the weekend‚ commended Sappi for its recently launched skills centre near the Sai...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.