14 Jul - 2 min read
Impact of civil unrest in South Africa on Sappi's South African operations
Impact of civil unrest in South Africa on Sappi's South African operations Sappi Limited (Incorporated in the Republic of South Africa) Registration number: 1936/008963/06 JSE share code: SAP ISIN code: ZAE000006284 ("Sappi" or the "Company") 14 July 2021 IMPACT OF CIVIL UNREST IN SOUTH AFRICA ON SAPPI’S SOUTH AFRICAN OPERATIONS The unfortunate incidents of civil unrest, violence and criminal activity which are being widely reported through news channels are also impacting Sappi’s South African operations. Our primary concern is for the safety of our staff and contractors. Therefore, and as a precaution due to transport disruptions impacting raw material supplies, warehousing and customer deliveries, the Sappi Saiccor, Tugela and Stanger Mills in KwaZulu-Natal temporarily ceased production as of Monday 12 July. They will resume once it is safe and practical to do so. Work on the nearly completed Saiccor expansion and upgrade project was suspended as of Friday 9 July. Sappi’s forestry operations are being reviewed on a daily basis. There has been no material damage to any of the plants. Insurance is in place for all assets. Global shipments to customers through the Port of Durban have also been impacted due to limitations in service, logistics and closure of warehouse service providers. “Sappi is deeply saddened by the events unfolding in South Africa and our condolences go out to the families of those in various communities who have lost loved ones. We deplore the criminal behaviour we are confronted with, which cannot be justified or excused. We have joined organised business in calling on the government to restore law and order”, said Steve Binnie Chief Executive Officer of Sappi Limited. Sappi will update shareholders once there is any material change in the situation. Sponsor : UBS South Africa (Pty) Ltd Date: 14-07-2021 01:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.