Rand Decline `Lucrative' for World's No. 1 Dissolving Pulp Maker

Updated on
  • Sappi's exports of dissolving wood pulp have soared in value
  • Rand down 12% against the dollar this year on China weakness

Employees oversee the production of newsprint paper at the Ngodwana wood mill, operated by Sappi Ltd., the world's biggest producer of dissolving wood pulp, in Mpumalanga, South Africa.

Photographer: Dean Hutton/Bloomberg

Sappi Ltd. said the rand’s decline against the dollar is boosting the earnings of the pulp and paper maker as its exports gain in value, one of the first South African companies to report a positive impact from the currency’s weakness.

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