Gov’t mum on De Beers purchase move

Whilst government had previously been confident about increasing its stake, it has now retracted to silence leaving room for speculation for market watchers.

Recently, during the future of mining summit held in Gaborone, the Minister of Minerals and Energy Bogolo Kenewendo, quizzed on whether government was going to exercise its pre-emptive right and increase its stake in De Beers, said that "government like other players is watching and observing and will in due course announce its decision".