Debswana targets 30% cut in costs

Friday, June 26, 2026 | 140 Views |

Looking ahead: Motsomi says Debswana is evolving with the times PIC: LESEDI MKHUTSHWA

Debswana is aiming to cut a third of its operational costs between now and 2028, whilst leveraging the untapped commercial opportunities it has, such as infrastructure, and also striking out into new ventures, as part of an ambitious new strategy.

For decades, Debswana’s board has resisted pressure and advice from executives to diversify the group’s focus beyond diamonds. Besides investments in insurance, education, and a pension fund, Debswana has largely remained focused on the precious stones over the years.

On Tuesday, executives revealed the Ya Masa strategy, which for the first time includes board approval to expand the group’s mandate, whilst also tapping into existing assets, including expertise, infrastructure, talent and others.

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