De Beers hopeful as sales tick up

Grinding along: Debswana is operational but eyeing lower production this year PIC: MORERI SEJAKGOMO
Grinding along: Debswana is operational but eyeing lower production this year PIC: MORERI SEJAKGOMO

covid19

The coronavirus (COVID-19) restrictions in its producer nations and a drop in global demand saw De Beers’ revenue slump in the first half of the year by 54% year-on-year to $1.2 billion (P13.2 billion). 

De Beers, which is a 50-50 partner with government in Debswana, is amongst the principal anchors of government revenues through dividends, royalties and taxes.

Editor's Comment
Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

Have a Story? Send Us a tip
arrow up