Connect with us

Hi, what are you looking for?

Business

De Beers inactivity Spells local Gloom

De Beers Spells Local Gloom
INACTIVITY MEANS DOOM: Lack of productivity means government could lose big

Govt set to lose over P16 billion in diamond revenue

In response to the impact of Covid-19, De Beers has drastically reduced its production guidance for the year.

Initially, De Beers had set a target of mining between 32-34 million carats for 2020. The figure has since been scaled down to between 25-27 million carats due to the outbreak of the novel Coronavirus, which has led to a temporary shut down of virtually all industries.

Having suffered a disastrous 2019, the industry appeared to be gaining momentum in the early stages of 2020.

However, these roots of recovery have now gro...

SIGN UP and Login to read full story. Thank you.

Click to comment




You May Also Like

Business

Afreximbank pledge P20 billion in investment With Covid-19 hitting the pause button on proceedings for the last two years, the Global Expo exploded back...

Business

*Botswana's economy remains resilient - report

Business

P600 million purchase marks cement manufacturer's big plans Having come through Covid-19 largely unscathed, PPC Botswana are now looking to take their operations to...

Entertainment

Media marvel with a difference When it comes to media studies, few in Botswana are equipped to match Kennedy Ramojela’s insight and experience. Now...

News

*Wearing of masks no longer compulsory in Botswana

Business

From just one classroom, five staff members and 12 students in 1997, Botho University (BU) has grown in leaps and bounds to be one...

Business

The man behind courier company's lightning fast rise While Covid-19 brought Botswana and indeed the world to a standstill for large periods, an eager...

Business

Meet the boss Although he had studied hard for a career in Electronics Engineering, in 2013 Nonofo Ditshego spotted a gap in the market...

Advertisement

Copyright © TheVoiceBW. (Since1993) made with ❤️ in Botswana.