Anglo exit: What it means for Botswana

Tuesday, May 14, 2024 | 4150 Views |

New pathways: De Beers' shareholding is set to change

Anglo American’s decision to "divest or demerge" from De Beers, after a 98-year partnership, means government has to decide whether to increase its shareholding in the diamond group while also bracing for the entry of a new partner.

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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

State wants protection for magistrate’s victims

Larona Makhaiza | 17 h ago

Quali-Med Laboratories unveils new dawn in healthcare

Kabelo Boranabi | 19 h ago

Hosanna show showcases gospel potential

Tsaone Basimanebotlhe | 19 h ago

Shaba Stele in near-quit breakthrough

Johannes Kambai | 19 h ago

New season catches hat-trick fever

Kabelo Boranabi | 20 h ago

GU chase first three-peat in seven years

Kabelo Boranabi | 20 h ago

BAUSA mobilises diaspora for development

Tsaone Basimanebotlhe | 1d ago

BERA warns on electricity licensing

staff writer | 1d ago

Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

The Monitor Editor | 27 October 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.