South African paper maker Sappi said it would shut down its Adamas paper mill in Port Elizabeth by the end of August. The volumes produced at the mill have been transferred to Sappi Enstra and Sappi Tugela mills, the company said in a statement. The company said it expects to take a charge of approximately USD 5mn in respect of the closure costs in the fourth financial quarter ended September 2011. In May, Sappi announced it was planning close the mill in response to difficult market conditions and input cost increases. |
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more