Investing in a more
prosperous future
In 2018, the South African President announced that the country was aiming to attract direct investments of US$100 billion over the five-year period to 2023, which, using 2018 exchange rates, translates to investments worth ZAR1.2-trillion.
In November 2019, we announced our intention to make investments totalling up to ZAR14 billion over the next six years in our South African operations.
Our impact on the South African economy is positive and significant:
We contribute 1% of South Africa’s total foreign revenue and supply the fruit export industry with most of its packaging requirements. The latter industry contributes around 4% to the country’s foreign revenue.
“South Africa needs an economy that is more inclusive, more dynamic and in which the fruits of growth are shared equitably.”
National Development Plan 2030
“Sappi is proudly South African, we have operations all over the world, in Europe and North America, but we are proud to be headquartered in South Africa and this is where we have great opportunities…”
Steve Binnie, Sappi Limited Chief Executive Officer, speaking at the 2nd South African Investment Conference, Johannesburg, November 2019