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Sappi closes some operations in Germany and the US

Pulp and paper company Sappi has announced the closure of the Paper Machine 2 (PM2) at its Stockstadt Mill, in Germany, as well as Paper Machine 9 (PM9) and the energy complex at its Westbrook Mill, in the US. This will cumulatively remove capacity, reduce costs, improve machine use and increase... 

Growthpoint expects at least 15% y/y decrease in distributions a share

Owing to the impact of the Covid-19 pandemic on it business, the rental relief that has been provided to tenants, arrear rentals and the ongoing uncertainty of the future impact of this crisis on the global economy, and its business in particular, JSE-listed Growthpoint Properties expects... 
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