Dineo Faku

Dineo Faku

National Consumer Commission hot on investigation trail of 2-minute noodle deaths

Dineo Faku|Published

The Department of Health said earlier this month it had initiated an urgent investigation into possible food poisoning after children allegedly ate two minute noodles ...

Vodacom plans to invest billions to boost its SA network

Dineo Faku|Published

Vodacom on Monday announced plans to inject more than R10. 5 billion to bolster its South African network in the current financial year.

Mining safety slips in 2021, with 55 fatalities in the country to date, says Minerals Council

Dineo Faku|Published

The gold sector has to date recorded the highest number of fatalities this year, a total of 23, followed by the platinum sector, 14, compared to the previous year. ...

Kumba is latest firm to be dragged down by Transnet

Dineo Faku|Published

Yesterday Kumba said it expected full year production and sales to be at the lower end of its guidance due to Transnet’s rail and port logistics performing below ...

Moderna plans vaccine factory in Africa

Dineo Faku|Published

Moderna plans to invest up to $500 million to build a factory in Africa to make up to 500 million doses of mRNA vaccines each year, including its Covid-19 shot, ...

Santam to finalise outstanding CBI claims soon following court ruling

Dineo Faku|Published

Santam chief executive Lizé Lambrechts said the insurer recognised the devastating effect of Covid-19 on the economy and, in particular, on businesses.

Mpumi Zikalala to lead Kumba Iron Ore

Dineo Faku|Published

Her focus will include building on firm’s strong safety, operational performance track record.

Casual employment takes an 18 percent hit following civil unrest

Dineo Faku|Published

According to the BTPI, salaries paid to casual employees in August 2021 fell by 18 percent following the wave of unrest that gripped parts of the country in July. ...

MTN is Africa’s most valuable brand in Top 150 survey

Dineo Faku|Published

MTN retained its ranking as the continent’s most valuable brand and retail bank Capitec overtook Vodacom to be crowned Africa’s strongest brand in the Brand Finance ...

High meat prices lift food inflation

Dineo Faku|Published

Economists say the price of meat can be singled out as the biggest culprit in the uptick in food inflation after posting a double digit increase of 10. 7 percent ...

Court sets aside certain clauses of mining charter that are not enforceable

Dineo Faku|Published

The Gauteng High Court, Pretoria, has ruled that certain aspects of the Mining Charter 2018 are not enforceable and once a mining company is empowered, it is always ...

Shoprite creates 3 897 new jobs with a 42% hike in dividend

Dineo Faku|Published

Shoprite Holdings created 3 897 new jobs during the 53 weeks ended July 2021 and generated R133. 9 billion in sales from its South African supermarkets, up 9. 3 ...

Mineral Resources and Energy Department defends its emergency power procurement

Dineo Faku|Published

The Mineral Resources and Energy Department has defended the handling of the procurement of the 2 000 megawatts of emergency power, telling the parliamentary committee ...

Kumba Iron Ore contributes almost R10bn to fiscus

Dineo Faku|Published

Kumba Iron Ore contributed almost R10 billion to the fiscus during the half-year to the end of June, after delivering record financial returns and paying shareholders ...

SA’s mining industry safety record deteriorates

Dineo Faku|Published

Members of the Minerals Council South Africa reported 60 fatalities in 2020 compared with 51 a year earlier when the mining industry recorded its lowest recorded ...

Cell C migrates customers to roam on MTN network

Dineo Faku|Published

Cell C said yesterday it had decommissioned 34 percent of its physical Radio Access Network (RAN) sites, migrating prepaid and Mobile Virtual Network Operator (MVNO) ...

De Beers sees demand for rough diamonds as India recovers

Dineo Faku|Published

De Beers, the world’s biggest diamond producer by volume, has reported a strong demand for its rough diamonds during its fifth sales cycle as India recovered from ...

De Beers’ diamond sales slide as India’s Covid-19 woes dent demand

Dineo Faku|Published

De Beers, the world’s biggest diamond producer by volume, posted a 15. 5 percent fall in the value of rough diamond sales during its fourth sales cycle as India’s ...

Work and study at home trend a major boost for Vodacom as revenue climbs to R100bn

Dineo Faku|Published

Working and studying from home was a major boost for Vodacom during the year ended March 2021, with revenue climbing to almost R100 billion and shareholders receiving ...

Eskom in line for more money to escalate the country’s electrification plan

Dineo Faku|Published

The Department of Mineral Resources and Energy (DMRE) said yesterday that Eskom was set to provide more households with reliable power during the 2021/2022 financial ...

Union slams Kumba Iron Ore's retrenchment plan

Dineo Faku|Published

Kumba Iron Ore has issued retrenchment notices that could affect 1,600 employees, despite bumper profits in the year to the end of December, trade union Solidarity ...

SA’s mobile operators generated billions on Covid-19

Dineo Faku|Published

Report says mobile data usage surged 73 percent year-on-year in 2020, representing the highest increase in mobile data usage in three years

#Budget2021: R56 bn to stabilise Eskom

Dineo Faku|Published

The National Treasury yesterday said that it had allocated R31. 7 billion to Eskom for 2021/22, and provided R56bn for 2020/21 to stabilise Eskom

Country’s mining output falls to its lowest in 30 years

Dineo Faku|Published

The country’s output annual mining production last year shrank 10. 7 percent to its biggest annual decline since 1990, falling 0. 5 percent in December compared ...

Coca-Cola commits to ploughing in R240m over three years to support economy

Dineo Faku|Published

“We will be contributing R80 million a year for three years to localisation initiatives that form part of the national efforts to rebuild the economy. ”