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
No room for perjury

It seems some government accounting officers, sworn to tell "the truth, the whole truth, and nothing else but the truth" before Almighty God, may have deliberately lied during the committee’s vital work. If proven, this is not merely unprofessional; it is perjury, a serious criminal offence and it strikes at the very heart of responsible government.The PAC’s role is fundamental. After each financial year, it painstakingly examines how public...

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