Economy holds its breath: Will Debswana sneeze?

Jwaneng Mine PIC: KENNEDY RAMOKONE
Jwaneng Mine PIC: KENNEDY RAMOKONE

If Debswana, the single largest contributor to budget revenues, export revenues and growth, does sneeze, the economy will catch a cold, as seen last in 2009. Staff Writer, MBONGENI MGUNI, examines the evidence

The last time the performance of rough diamonds globally was as poor as it was in 2015, Debswana initiated efficiency interventions known as “Operations Review” under which 1,278 jobs were to be slashed.

At one point in early 2009, production ceased across all Debswana mines, before the main operations were restarted gradually under a “new normal” or the policy of strictly producing to demand and thus, not maintaining stockpiles.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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