Control of diamond supply in jeopardy?
Tuesday, December 11, 2007
The situation arises due to the fact that DTC International will only establish in Botswana next year while, in the meantime, the local outfit, DTC Botswana, has started operations. The lack of clarity about roles raises questions about whether supply sight holders for services falls within the responsibility of international operation even before it has settled in-country, it is argued in some quarters.
The scenario plays itself out in the controversy relating to the relationship between DTC Botswana and DMB. At the centre of the problem lies DMB's concerns that DTC Botswana has given the sight holder supply shortfall for the forthcoming contract period at a slashed level of 70 percent compared to its current levels.
The Francistown Umbrella Informal Sector chairperson, David Mbulawa, has highlighted this growing concern, revealing that many local traders are using their licences to facilitate the entry of foreign goods into the market at a fee.Fronting undermines the very fabric of our local economy. It allows foreign traders to exploit the system designed to benefit Batswana, using local licences to cross borders and sell goods at prices intended for local...