Shrenuj engages De Beers over sight suspension

Looking to bounce back: Over 300 workers were recently retrenched by Shrenuj
Looking to bounce back: Over 300 workers were recently retrenched by Shrenuj

Diamond cutting and polishing firm, Shrenuj says it is in talks with De Beers to lift the suspension of its allocation (sight) with an aim to resume normal operations in Botswana next year.

The company has frozen local operations after its business was affected by headwinds at its head office in India, which resulted in De Beers suspending its international and local allocation of diamonds.

In Botswana, Shrenuj scaled down operations and terminated employment for all its 340 workers at its cutting and polishing as well as its jewellery factories.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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