Absa loans $82.4 to Firestone

International diamond development company, Firestone has announced that it will receive up to $82.4 million project debt finance from Absa Bank.


The loan is meant to finance the operations of Liqhobong Mining Development Company (Pty) Limited (LMDC).

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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