Business

De Beers hopeful as sales tick up

Friday, September 18, 2020
Grinding along: Debswana is operational but eyeing lower production this year PIC: MORERI SEJAKGOMO
Grinding along: Debswana is operational but eyeing lower production this year PIC: MORERI SEJAKGOMO

covid19

The coronavirus (COVID-19) restrictions in its producer nations and a drop in global demand saw De Beers’ revenue slump in the first half of the year by 54% year-on-year to $1.2 billion (P13.2 billion). 

De Beers, which is a 50-50 partner with government in Debswana, is amongst the principal anchors of government revenues through dividends, royalties and taxes.

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Editor's Comment
Inspect the voters' roll!

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...

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