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Dineo Faku

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Dineo Faku

Dineo Faku is a Business Times and TIMESLive journalist with a passion for business and economic news

The rough diamond industry is facing a deep crisis of lower demand from the Chinese and US markets while GenZs redefine demand for synthetic diamonds over rough diamonds.

De Beers to ‘pause’ Venetia Mine as diamonds’ sparkle fades

De Beers said it plans to pause production at Venetia for two years to reduce costs while also rephasing capital expenditure on its underground project

Gareth Friedlander, deputy CEO of Discovery Life. File photo.

Discovery links parents’ health to children’s education

‘Global Education Policy’ links wellness rewards to children’s future education fees

African Bank has named Zweli Manyathi, head of the business and commercial banking unit, as interim CEO.

Chairman Dloti’s African Bank CEO cull list

The turbulence surrounding the departure of African Bank CEO Kennedy Bungane, the third under board chair Thabo Dloti, has raised questions about goings-on in the lender’s boardroom.

Vuyo Lee, director for marketing & corporate affairs at the JSE, says a central administrator could streamline beneficiary tracing by consolidating all data into a single and secure system.
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State to take on SA’s unclaimed R88bn

Central administrator aims to trace beneficiaries and improve transparency across financial institutions

Saki Macozoma. Picture: Financial Mail

Exxaro deal triggers R11bn payout: Macozoma

The sale of Ntsimbintle Mining was the right thing to do at the right time, says Saki Macozoma

Richards Bay Coal Terminal. File image

Miners slash cable theft by 50%

Privately-owned Richards Bay Coal Terminal (RBCT) expects export volumes to climb to above 60-million tonnes in the year ahead thanks to improved efficiencies at Transnet Freight Rail (TFR).

Rudi Dicks, head of the project management office in the Presidency, has flagged Eskom restructuring as one of the risks in the government’s infrastructure reform programme.

Energy reforms face minor delay from Eskom reboot

Officials say electricity overhaul continues despite timing and implementation risks

Positive spin-offs seen for local industry and fiscus
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SA to score as platinum likely to extend rally

The platinum price is expected to soar even further in 2026 on strong market fundamentals

Eskom board chair Mteto Nyati.

Eskom reports profit for the first time in eight years

310 days without load-shedding, says board chair Mteto Nyati

Absa recommits to achieving 16% ROE target

Absa reports a 16% increase in headline earnings per share to 1,422.9 cents for half-year ended June.

Exxaro Resources CEO Ben Magara says the company's Leeuwpan open-cast mine continues to run at a loss despite efforts to turn it around. File photo.

Job cuts on the cards at Exxaro's Leeuwpan mine

Exxaro Resources has announced a review of its loss-making Leeuwpan open-cast mine in Mpumalanga.

The victim succumbed to her injuries in hospital after she being severely beaten. Picture:

NHI is fiscally impossible, says the Health Funders Association

The Health Funders Association (HFA) has described the National Health Insurance (NHI) Act as fiscally impossible and has tabled a hybrid funding model that will enable private healthcare providers to provide services in tandem with the…

Transport minister Barbara Creecy. File photo.

Government targets higher rail and freight volumes

Transport minister Barbara Creecy has told the South Africa France Investment Conference that government has set bold targets as part of its ambition to improve the underperformance in its rail and freight network.

Small business development minister Stella Ndabeni will spend Tuesday morning in East London.

Government 'will remain committed to R100bn transformation fund'

Small business development minister Stella Ndabeni-Abrahams has encouraged women to participate in the public comment process for the government's R100bn transformation fund aimed at helping small businesses access funds and markets.

Loss-making ArcelorMittal listed high power costs, rail constraints and smaller mini mills as some of the reasons for the wind down of its long-steel business. File photo.

IDC considering increasing its holding in steelmaker ArcelorMittal SA

The Industrial Development Corporation (IDC) is seeking to increase its stake in primary steel producer ArcelorMittal South Africa (Amsa), after injecting a R1.683bn to delay the wind down of Amsa's long steel business by at least six…