Market sentiment recovers at ODC
Friday, February 12, 2016
Although the company auctioned fewer gemstones compared to the first sale of last year, appetite from buyers was much improved from the soft demand experienced in the last quarter of 2015 when the company had to cancel the last two auctions of the year.
In response to BusinessWeek enquiries, ODC Managing Director Toby Frears said in the January 2016 auction they sold 216,000 carats for $44.4 million (P515 million), including a single 184-carat stone, which sold for $4.8 million (P55.7 million).
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...