Fiscal boost as De Beers� rough sales rebound

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

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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