Sappi solid as Mondi steals the show

Pulp and paper producer Sappi released solid-enough results for its second quarter this week, but still has plenty of ground to make up to catch rival Mondi. In his results presentation, Sappi CEO Steve Binnie played down the company's apparent recovery, saying the profit of R661.7-million was "in line with expectations", despite the fact that this was sharply above the R378.