Diamond sales rebound ahead of Monday�s budget

Wednesday, January 27, 2016

De Beers has reported a more than double jump in diamond sales at its first sale of the year held in Gaborone last week, a development that is likely to boost fiscal authorities’ annual revenue projections ahead of Monday’s 2016/17 budget presentation.

De Beers, which is entitled to sell 86 percent of Debswana’s annual production, and hand 80 percent of that revenue to government, sold $540 million (P6.3 billion) worth of diamonds last week.

This represented a 117 percent leap with De Beers having recorded sales of $248 million in its last sale of a challenging 2015.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Rolling back: Rollers will want to turnaround its fortunes PIC: PHATSIMO KAPENG

Rollers, Orapa brace for two-part sequel

Kabelo Boranabi | 11 h ago

Faulty gadgets top complaints to BOCRA

Mbongeni Mguni | 2d ago

Civil Society fights 'flawed' constitutional amendment

Innocent Selatlhwa | 22 Apr 2024

Civil Society calls for Constitution review governing Act

Innocent Selatlhwa | 22 Apr 2024

IEC rejects 2,513 registrations

Innocent Selatlhwa | 22 Apr 2024

Motshegwa prevails against detractors

Goitsemodimo Kaelo | 22 Apr 2024

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

The Monitor Editor | 23 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Diamond sales rebound ahead of Monday�s budget

De Beers has reported a more than double jump in diamond sales at its first sale of the year held in Gaborone last week, a development that is likely to boost fiscal authorities’ annual revenue projections ahead of Monday’s 2016/17 budget presentation.

Rollers, Orapa brace for two-part sequel

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Inspect the voters' roll!