Rail and port challenges hit Sappi
Global economic challenges and subdued consumer sentiment still affect demand, says paper and pulp group
09 November 2023 - 09:03
UPDATED 10 November 2023 - 11:54
Paper and pulp manufacturer Sappi says the operational environment in SA is getting tougher to navigate as rail and port failures increase the cost of doing business.
CEO Steve Binnie said a challenging local operating environment with significant power and transport infrastructure headwinds disadvantaged the group, which relies on the dilapidated national rail network to move goods and raw materials across Southern Africa...
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