Govt rebuffed offer to up stake in De Beers


Government has declined an offer to buy a pro-rata 10 percent of the Oppenheimer family’s shareholding in De Beers five years ago.

In 2011, Anglo American bought the Oppenheimer family’s 40 percent stake in De Beers for $5.1 billion in cash, ending the dynasty’s 80-year ownership in the world’s largest diamond miner.

The transaction increased Anglo’s holding in De Beers to as much as 85 percent, with the remainder held by government.

Editor's Comment
Gov’t, Balete should bury the hatchet

The acrimony that seemingly characterised the relationship between the Malete Land Board on behalf of the Botswana government and Kgosi Mosadi Seboko and the tribe, should now be water under the bridge as the tribe has finally gotten what it has been fighting for - the land.Kgosi Mosadi has articulated an instance upon which she was allegedly summoned to the State House by the Head of State, Mokgweetsi Masisi where the former claimed she was...

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