Debswana's economic impact reached P18bn in 2018
Friday, July 05, 2019
Jwaneng Mine is the world's richest value
These factors include taxes paid including royalties, procurement, wages, capital investment and corporate social responsibility.
The report covers Anglo American’s economic impact contributions in the 12 countries it operates in around the world. In Botswana, Anglo’s impact is through its 85% holding in De Beers, which in turn holds 50% equity in Debswana.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...