Botswana vows financial caution as it seeks a larger De Beers stake
Bloomberg reports that Botswana wants to increase its stake when Anglo American divests, but has not settled on a preferred share, according to Vice President Ndaba Gaolathe.
TLDR
Botswana will not risk its financial wellbeing as it increases its investment in De Beers, Bloomberg reports, citing Vice President Ndaba Gaolathe. The country wants a larger share of the world’s biggest diamond company when Anglo American divests, but Gaolathe said it has not settled on a “magic number” for its preferred stake.
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