Botswana pays De Beers P1 billion to cut debt
Wednesday, March 24, 2010
De Beers last year embarked on the US$1 billion rights issue together with a capital refinancing that has resulted in the reduction of its US$3.89 billion debt with several lenders by about a third.
Government has a 15 percent stake in De Beers making it liable to pay the same percentage of the rights issue, while Anglo American Corporation and the Oppenheimer family hold a 45 percent and 40 percent stake respectively.
The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...