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De Beers reported suboptimal sales of rough diamonds, especially in the last quarter, resulting in revenues of $4.3 billion, down from $6.2 billion in 2022.Briefing journalists last week, senior De Beers officials said their forecast indicates that...

Despite being amongst the pioneers of synthetics, through its Element Six firm which was established in 1946, De Beers has consistently been dismissive of any argument that these lab grown stones could pose any kind of threat at retail level. Element...

Reminiscing over the 2014 election, pressure groups were seething with anger, fuming and livid with the frustration of their unmet needs under former President Ian Khama’s regime. Trade unions in particular were gatvol with Khama, following the...

Mmegi: In 2022 the government of Botswana amended the Public Procurement Act, a move which necessitated the evolution of the former Public Procurement Asset Disposal Board (PPADB) to the Public Procurement Regulatory Authority (PPRA). What was the...

The diamond miner’s sales fell through the cracks of a depressed diamond market that has been undergoing steep downturns.Total revenues for the year totalled P2.4 billion compared to P2.9 billion recorded in 2022. The weak sales performance comes...

South Africa can be metaphorically depicted as one of Africa’s fattened economies, a nation that has phoenixed from the ashes of apartheid and risen to become a continental giant.The roly-poly nature of South Africa’s chunky economy comes at the...

In the Global Risks Report 2024, a survey of business and economic experts from around the world highlighted steep economic hurdles lying ahead for the world in the next 10 years, as a culmination of environmental risks, geopolitical tensions, and...

According to the financials released via the Botswana Stock Exchange on Monday, the BDC fell into losses, from pretax profits of approximately P32 million in the year to June 2021.“The corporation was faced with adverse market forces which resulted...

In an interview with BusinessWeek, the CEO of the one-year old regulator, Tumelo Motsumi said that the Authority is aware of concerns about poor delivery of projects by contractors as well as the swelling number of projects that cannot be completed...

Serame’s address, in its many features, was composed like a jazz song, with a series of highs and lows, well-tuned to low-pitch notes that represent the economic perils the nation faces.At the beginning, the tempo was allegro and the speech sounded...

The southern African region is known for its chivalrous hallmark, a region of countries either known for long-lasting peace, economic prosperity and democratic consolidation. The perk is led by South Africa which holds the stick due to its bulky...

Figures from the Ministry of Finance’s draft budget estimates published on Tuesday show that Air Botswana, the country’s troubled national airline, is scheduled to receive a bailout of P121 million in the 2024-2025 financial year. This follows an...

Interest rates represent the cost of borrowing money, expressed as a percentage of the amount borrowed. An interest rate is the phrase used to define the additional amount that a person or corporation borrowing money must return in addition to the...

Nobody expects two bold leaders to dance to “Gimme Hope Joana” in Pretoria or Gaborone together like two acquainted pals ready to enjoy a pint.However, diplomatic ties at the Head of State level between Botswana and South Africa are noticeably...

Absa Southern African economist, Ridle Marcus, last week revealed that inside forecast point to a tough year for Botswana’s economy with the main pressures coming from inflation facing commodities and a steep diamond price crunch.“The World Bank...