Economy holds its breath: Will Debswana sneeze?

Friday, April 22, 2016

If Debswana, the single largest contributor to budget revenues, export revenues and growth, does sneeze, the economy will catch a cold, as seen last in 2009. Staff Writer, MBONGENI MGUNI, examines the evidence

The last time the performance of rough diamonds globally was as poor as it was in 2015, Debswana initiated efficiency interventions known as “Operations Review” under which 1,278 jobs were to be slashed.

At one point in early 2009, production ceased across all Debswana mines, before the main operations were restarted gradually under a “new normal” or the policy of strictly producing to demand and thus, not maintaining stockpiles.

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Economy holds its breath: Will Debswana sneeze?

If Debswana, the single largest contributor to budget revenues, export revenues and growth, does sneeze, the economy will catch a cold, as seen last in 2009. Staff Writer, MBONGENI MGUNI, examines the evidence

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IEC rejects 2,513 registrations

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Serowe man 'loses' P1m in trading

Inspect the voters' roll!