Govt revenues face drop as De Beers� sales plunge

Government revenues are likely to dip as De Beers rough diamond sales by volume fell 26 percent year-on-year to 14 million carats in the first half of 2015.

De Beers, which gets about 75 percent of its output from Botswana mines, pays government of Botswana 80 cents out of every dollar derived from Debswana revenues. According to figures released yesterday by the parent company, Anglo American production fell six percent to 7.96 million carats in the second quarter and by three percent to 15.63 million carats in the first half of the year.

 The lower output is in line with De Beers’ strategy to lower supply and maintain steady prices.

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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