Mmegi

Anglo eyes De Beers exit

De Beers is due to be put up for sale
De Beers is due to be put up for sale

Anglo American says it will "divest or demerge" from De Beers, meaning it is looking to exit its investment.

Anglo holds 85% in De Beers, with the other 15% held by the Govt of Botswana.

The statement by Anglo this morning, follows weeks of pressure by global mining group, BHP, which is pushing to buy Anglo. Anglo, which has rejected all bids, yesterday said it would update shareholders on its own plans to boost value within the group.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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