KZN floods hit Sappi, Pepkor and insurance shares
Company warns of local and export disruption as Saiccor, Tugela and Stanger mills are running on skeleton staff
13 April 2022 - 12:30
UPDATED 13 April 2022 - 19:54
Paper mill and packaging group Sappi has closed its three mills in KwaZulu-Natal in response to flood damage as a deluge plunged the province into disaster, taking more than 250 lives.
The world’s largest maker of dissolving wood pulp shut down its Saiccor, Tugela and Stanger operations and sent most employees home, leaving only two of its five mills, located in Mpumalanga, operational...
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