Dineo Faku

Dineo Faku

Spar CFO receives extra fillip in salary for his leadership and contributions

Dineo Faku|Published

The Spar Group has set the basic salary of new chief executive officer Brett Botten at R7. 5 million compared to the R8. 6m received by predecessor Graham O’Connor, ...

Seasonal closure of De Beer’s diamond polishing factories cut December sales

Dineo Faku|Published

Despite Covid-19 the group’s rough diamond sales for year were higher than 2019 before onset of pandemic

High Court ruling on Shell offshore prospecting appealed

Dineo Faku|Published

COMMUNITY, environmental and human rights groups have ...

Retailers scramble to innovate amid e-commerce sales bonanza in 2021

Dineo Faku|Published

The upswing comes as the Covid-19 pandemic has changed the way South Africans work, school and play

Tribunal agrees with FSCA insider trading ruling against Markus Jooste

Dineo Faku|Published

FST requests authority to determine an appropriate penalty for former Steinhoff executive

MTN Nigeria cements its position as the leading mobile operator in that country after bagging 5G spectrum licence

Dineo Faku|Published

MTN Nigeria cemented its position as a leading mobile operator in that country, after securing the 100MHZ spectrum licences in the 3. 5GHz spectrum band that will ...

Sasol’s shares dive on the JSE as it cuts production forecast at Secunda

Dineo Faku|Published

Sasol shares plunged 6 percent to close at R260. 15 a share on the JSE yesterday after cutting in synfuel (synthetic fuel) output due to lower-than-expected coal ...

Unacceptable regression in mining fatalities during 2021, says Minerals Council SA

Dineo Faku|Published

Members of the Minerals Council South Africa yesterday committed to ensuring that bonuses for miners did not compromise the right to refuse unsafe work as they race ...

Shoprite partners with RTT Group in new e-commerce offering as Covid-19 accelerates retail online shopping

Dineo Faku|Published

Shoprite Group has partnered with RTT Group, Checkers’ Sixty60 logistics partner, to create a joint venture company that aims to beef up its e-commerce offering ...

Resilient, agile Anglo American eyes 35% growth over next decade

Dineo Faku|Published

Anglo American’s chief executive Mark Cutifani said on Friday that Anglo was a resilient and agile business set to deliver 35 percent growth over the next decade ...

Platinum supplier Amplats gets the thumbs up to pump R3. 9 billion into life extension of Mototolo mine

Dineo Faku|Published

Anglo Platinum (Amplats) had received the thumbs up from its board to pump R3. 9 billion into the life extension of its Mototolo mine, the group said on Friday amid ...

Sibanye-Stillwater faces strike next year as wage talks stall

Dineo Faku|Published

Chief operating officer for Sibanye-Stillwater’s gold operations, Richard Stewart, said on Friday that the group was preparing for a strike in the new year as wage ...

Vinpro court bid to challenge lawfulness of the state’s liquor ban in virus lockdown fails

Dineo Faku|Published

Vinpro, a non-profit company which represents close to 2 600 South African wine producers, cellars and industry stakeholders, ...

54% of adults in the country support mandatory vaccinations at workplaces, UJ study finds

Dineo Faku|Published

A new study released this week has found just over half of the public support compulsory vaccination at workplaces, in the debate on whether Covid-19 jabs should ...

Mantashe defends SA’s right to capitalise on oil and gas resources amid Shell furore

Dineo Faku|Published

Nation’s economic development is vital and environmental framework is being applied.

Sibanye-Stillwater acquires R685m Australian mining stake

Dineo Faku|Published

It received the green light from shareholders at its annual general meeting held last month, the group said yesterday. The partnership with New Century aims to assist ...

Sonto’s natural hair empire continues growing strong

Dineo Faku|Published

Sonto Pooe, founded Nativechild, a natural-based hair & body care range, in 2015 after losing her hairline and taking action by experimenting with plant-based ingredients ...

Discovery Bank hopes to break even with 700000 clients in 2024

Dineo Faku|Published

Going forward, the group aims to use forex accounts for saving, transacting, spending and trading in foreign currencies

Tongaat Hulett refinances its South African debt facilities including remaining term debt, working capital facilities, revolving ...

Dineo Faku|Published

This included its remaining term debt, working capital facilities, a revolving credit facility and overdraft facilities

Steel Master Plan aimed at reviving the steel industry under the spotlight

Dineo Faku|Published

’There is very little domestic demand and the anaemic flat growth of 1. 5 percent’

Indefinite strike at Massmart ends after agreement by management and union

Dineo Faku|Published

Disputes at Game, Makro and the wider group were withdrawn, while company revised its wage offer to Builders Warehouse

Nedbank eyes bumper earnings as full-year profits almost double

Dineo Faku|Published

Nedbank said it now expected full-year headline earnings a share to increase by more than 90 percent and a 180 percent jump in earnings per share when compared with ...

‘Perplexing’ hike in number of deaths at Sibanye-Stillwater as the mine reported four employees killed in two separate incidents ...

Dineo Faku|Published

Sibanye said on Friday its safety record for 2021 had regressed and 18 employees had lost their lives in work-related incidents.

SA retailer Game brings back Vaccination Wednesdays

Dineo Faku|Published

Game’s Vaccination Appreciation Wednesday is back as Covid-19 infections rise due to the Omicron variant.

Shell to go ahead with blasting survey on Wild Coast

Dineo Faku|Published

The Makhanda High Court on Friday dismissed the urgent interdict brought by the Border Deep Sea Angling Association, ...