Briefing journalists on the company's performance and the measures they put in place to cushion the impact of the economic recession, Debswana management said in Gaborone on Wednesday that the company is now out of the woods largely because of the improving market as well as the mitigating measures introduced since the beginning of the crisis.
Less than 10 days into his second five-year contract as head of Debswana, managing director Blackie Marole told Business Week that after having managed to survive the harsh financial crisis, which saw virtually no diamonds being sold at the end of 2008, the company was now better prepared to deal with any future crises and he is now looking forward to the next five years of his tenure in leadership. "My new five year contract started at the beginning of this month (September) and I can only see this as a sign of absolute confidence that both shareholders have in me and my team to lead the company back to prosperity," said Marole dispelling rumours that he came close to losing his job after the company was caught unaware by the financial crisis.
