Debswana cautiously optimistic in 2016

Briefing the business community on Wednesday, managing director Balisi Bonyongo said the ingestion in the diamond pipeline that crashed demand and prices leading to a 38 percent drop in earnings for the company last year,  seems to be dwindling.

“Due to the challenging environment, we had to reduce production by 3 million  carats from our target in 2015.  Despite the sluggish demand, we did not cut our workforce as we redeployed the workers that were affected by the mothballing of the Damtshaa operation.