Gov't Agree To Spend P1 Bn On De Beers Debt
Monday, February 15, 2010
According to a statement from the mining company, Government and the two other shareholders in De Beers, Anglo American Corporation and the Oppenheimer family, have agreed to pump US$1 billion(P6.7 billion) into the company through a rights issue as additional equity capital in proportion to their existing equity holdings in the company.
Government has a 15 percent stake in De Beers, 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...