Anglo exit: What it means for Botswana
Tuesday, May 14, 2024 | 4150 Views |
New pathways: De Beers' shareholding is set to change
This morning, Anglo American – which became De Beers' 85% equity investor in 2012 when founding family – the Oppenheimers divested – announced that it was looking to exit its investment in the diamond group as part of a strategic review of assets.
Anglo in February said it was reviewing its global assets after its 2023 profits fell 94%, with a $1.6 billion impairment charge on De Beers due to the double digit fall in retail diamond prices and demand suffered last year.
“Clean water, the essence of life and a birthright for everyone, must become available to all people now.”– Michel CousteauWe see notices for Block 6, Extension 11, Gaborone, Francistown; the list grows every week. It is good that WUC warns consumers, but so many warnings point to a deep problem. Water pipes are old and falling apart. And the people who pay the bills are the ones suffering.When a main pipe bursts, taps run dry. Families in...