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Forests

PAPER PRODUCTS

Sappi expects higher H2 operating profit after Q1 drop

Lower pulp and paper selling prices led to paper and packaging group Sappi’s operating profit dropping to $73-million for the first quarter of the 2013 financial year, compared with an operating profit of $100-million in the first quarter of the...

By: Idéle Esterhuizen

06 Feb 13

JOB LOSSES

Nersa warned of job losses

As many as 35 000 people in the sugar cane industry could lose their jobs if Eskom is granted a 16% electricity increase, the South Africab Cane Growers' Association said on Thursday. The increase could result in the closure of four mills, the...

By: Sapa

17 Jan 13

DEVELOPMENT FINANCE

ECDC looks to quality loan book for sustained recovery and growth

Development financier, the Eastern Cape Development Corporation (ECDC) will focus more on self-sustainable revenue for the future, said ECDC CEO Sitembele Mase at its 2012 financial results presentation earlier this month.

By: Joanne Taylor

30 Nov 12

FORESTRY

Initiative to document forestry land rights under way in West Africa

A US initiative to document forestry land rights is expected to promote sustainable agroforestry, environmental protection and the rural livelihoods of the upper Guinean tropical forest. Information group Thomson Reuters and the US Forestry...

By: Joanne Taylor

02 Nov 12

PAPER & PULP

400 jobs on the line as Sappi mothballs paper machine

Paper and packaging group Sappi has issued over 400 of its staff members with Section 189 notices regarding its decision to mothball the PM4 paper machine at its KwaZulu-Natal-based Tugela mill, from January 1. Although expected to be...

By: Idéle Esterhuizen

12 Oct 12

FOREST PRODUCTS

Restructuring progress boosts York Timbers earnings 250%

Forestry and forest products group York Timbers on Tuesday reported 250% growth in earnings a share for the year ended June to 42c, up from 12c in the previous year, while revenue rose by 16% to R1.1-billion. The group’s operating profit reached...

By: Idéle Esterhuizen

25 Sep 12

MERGERS & ACQUISITIONS

Mondi buys Dura-Pack operations in Germany, Czech

JSE-listed Mondi Group on Friday agreed to buy two of packaging systems, material handling and loading equipment company Dura-Pack’s operations for £125-million. The operations, based in Germany and the Czech Republic, comprised two corrugated...

By: Natasha Odendaal

14 Sep 12

FOREST PRODUCTS

Safcol pins hopes on new business model to unlock R3bn project pipeline

Public Enterprises Minister Malusi Gigaba

Stated-owned forestry company Safcol, which improved its financial performance in 2011/12 on the back of a recovery in lumber markets, expects to complete a review into its future role and structure by September, which could open the way for it to...

By: Terence Creamer

23 Aug 12

Topics in these articles

Company	Continent	Country	Currency
Sappi Eskom Eastern Cape Development Corporation Education Thomson Reuters Agricultural Development Bank Of South Africa York Timbers Dura Mondi Group Public Enterprises SAFCOL	Europe North America	South Africa Ghana Guinea Liberia Sierra Leone Togo United States Czech Republic Germany Mozambique	USD
Industry Term	Person	City	Natural Feature
Chemicals Energy Transport Electricity Increase Food Security Retail Appropriate Software Information Increased Energy Lightweight Containerboard Products Paper And Packaging Forest Products	Ralph Boëttger Thomas Funke Sitembele Mase Frank Pichel Pieter Van Zyl Maureen Manyama-Matome	DURBAN Freetown Natal York	Sierra Côte D’Ivoire Sierra Ghana Sierra Guinea Sierra Leone Sierra Liberia Sierra Togo Komatiland Forests
Region	Technology	Facility	Product
West Africa South Africa Southern Africa	GIS	KwaZulu-Natal-based Tugela Mill Tugela Mill Sabie Plant Stellenbosch University	PM2