Should Botswana buy a bigger stake in De Beers?

A bigger stake in De Beers would fulfil Botswana’s dream of controlling the diamond industry from mine to market and the company’s valuation is possibly at its cheapest ever. However, a larger stake also means shouldering more for projects such as the $6bn Jwaneng Underground. MBONGENI MGUNI writes

With Anglo American’s 85% stake in De Beers up for grabs and the sale process heating up, all eyes are on the other shareholder in the diamond group, the Government of Botswana.