Botswana pays De Beers P1 billion to cut debt
Wednesday, March 24, 2010
De Beers last year embarked on the US$1 billion rights issue together with a capital refinancing that has resulted in the reduction of its US$3.89 billion debt with several lenders by about a third.
Government has a 15 percent stake in De Beers making it liable to pay the same percentage of the rights issue, while Anglo American Corporation and the Oppenheimer family hold a 45 percent and 40 percent stake respectively.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...