Govt rebuffed offer to up stake in De Beers

Mokaila
Mokaila

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
Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

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