BFA begin hunt for new CEO
Thursday, March 05, 2015

Decision time: Sebego
Masters’ stay was cut short when the two parties decided to part ways 12 months before the end of the Briton’s contract.
He had signed a contract in February 2013, becoming the first expatriate BFA CEO. Masters’ departure came immediately after the alleged discovery of pornographic material on his laptop and a large amount of Viagra, a controlled substance.
Instead, it has sparked a storm of accusations, denials, and unresolved questions about the influence of De Beers on the nation’s politics. Former president Mokgweetsi Masisi’s claims that the diamond giants bankrolled his removal to dodge taxes – and that the new Umbrella for Democratic Change (UDC) government watered down a favourable diamond deal – are explosive matters. But without evidence, they risk becoming a toxic distraction from...