By TINTSWALO BALOYI
JOHANNESBURG – SAPPI, the South African pulp and paper company with global operations, is celebrating 80 years of listing in the Johannesburg Stock Exchange (JSE).
The milestone will be officially marked with a Market Open Ceremony at the stock market in Sandton on Tuesday.
The event will also celebrate the company’s inclusion in the JSE Top 40 Index.
JSE, the continent’s biggest exchange, says Sappi has played an integral role in South Africa’s paper and timber products, pulp and forest commodity industry for eight decades and is a respected global, diversified business.
SAPPI, originally incorporated as South African Pulp and Paper Industries Limited in 1936, says from its origins in South Africa, it has grown to manufacture across three continents, with operations in over 20 countries.
The company’s share price was R87,35 (US$6,43) as of Friday.
– Guardian/strong>