De Beers Venetia mine suspension puts more than 1,000 jobs at risk

More than 1,000 jobs could be on the line after De Beers announced it will suspend production at its Venetia mine for two years. The company says the decision is driven by weak global demand for natural diamonds, falling prices and growing competition from lab-grown stones. Venetia is South Africa's largest diamond mine and a major employer, raising concerns about the impact on workers, surrounding communities and the country's mining sector. Phemelo Motene speaks to mining expert David van Wyk about the reasons behind the decision and what it means for the industry. www.kaya959.co.za · Kayafm