Keith Jefferis - Botswana’s De Beers Bet: Risk or Opportunity?
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Keith Jefferis - Botswana’s De Beers Bet: Risk or Opportunity?
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Botswana President Duma Boko has announced plans to double the country’s stake in De Beers to 30% and named the Global Diamond Consortium, led by former De Beers CEO Gareth Penny, as the government’s preferred bidder to acquire Anglo American’s 85% stake.
In this episode of the Pressing Matters Podcast, Avi Krawitz speaks with economist Keith Jefferis about what this landmark decision means for Botswana. They assess the risks and opportunities of a larger stake in De Beers, the country’s reliance on diamonds, its diversification prospects in sectors such as copper and tourism, and the potential for Element Six to open new opportunities in technology.
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