Fiscal boost as De Beers� rough sales rebound

Wednesday, April 13, 2016

Government gets 80 thebe from every Pula worth of diamonds Debswana sells to De Beers

Results of De Beers’ third rough diamond sale of the year possessed signs of a market in rebound, a development that will be a boon for fiscal authorities anticipating a P6 billion budget deficit for the 2016/17 financial year.

In its third sale of rough diamonds for the year held in Gaborone last week, De Beers recorded sales of $660m, marking a definite upward trend.

De Beers said in the first sale of the year, in January, it notched up sales of $545m, more than doubling the previous year’s final sale of $248m.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

ZCC St.Engenas headquarters in Moria.PIC.PRESIDENCY OF SOUTH AFRICA

St Engenas ZCC ends years of infighting

Mpho Mokwape | 2d ago

Women’s voices fading in politics

Tsaone Basimanebotlhe | 2d ago

Mupane bidders in settlement talks after CoA clash?

Mbongeni Mguni,Oarabile Mosikare | 2d ago

Gov’t accused of interfering in disputed P300m Mogo road tender

Innocent Selatlhwa | 2d ago

Mahalapye Prison’s thriving underground economy

Sharon Mathala | 2d ago

Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

The Monitor Editor | 02 December 2025

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More