DE BEERS 2 BGMARKETS SECOND SIGHT SALES UP
BIHL declares 71 thebe dividend per share
BG reporter
Anglo American, a majority owner of De Beers on Wednesday announced the value of rough diamond sales ( Global Sightholder Sales and Auctions) for
Magang,
De Beers’ second sales cycle of 2022, amounting to $ 650 million ( about P6.5 billion). In the same period last year,
Pari voted
De Beers sales were at $ 550 million).
According to the diversified miner, restrictions on the movement of people
back into
and products in various jurisdictions around the globe, De Beers has continued to implement a more flex
RDC board
ible approach to rough diamond sales during the second sales cycle of 2022, with the Sight event extended beyond its normal week- long duration. As a result, the provisional rough diamond sales figure quoted for Cycle 2 represents the expected sales value for the period 21 February to 8 March and remains subject to adjustment based on final completed sales. Bruce Cleaver, CEO, De Beers, said: “The second sales cycle of the year saw the continuation of robust rough diamond demand underpinned by sustained positive consumer sentiment. “We have been shocked and saddened by the war in Ukraine, and our hearts go out to the Ukrainian people. De Beers will donate US$ 1 million to aid organizations that
Lesang Marang
are operating in the region and providing support to those affected by the war’.
Shareholders of the Botswana Stock Exchange listed company, RDC Properties have re- elected directors, Lesang Magang and Jacopo Pari to the board of directors again after having retired as per the company’s constitution. The meeting of shareholders was held on the 24th of May 2018. Investors also adopted the company's annual report for the year ended December 2017 as well Botswana as directors’ Insurance emoluments Holdings in the Limited same has year. declared The a final company dividend shareholders of 71 thebe for have the year also ended resolved December to approve 2021, the a document company’s from interim the country’s dividend leading of 3, 57 asset thebe management per linked and share, life and insurance a second behemoth interim shows. dividend The of dividend 4,765 thebe is payper able linked on the unit 22 April and final 2022. distribution For the year of under 1,436 review, thebe the per group linked made share. a Grant total profit Thornton of P392.7 has million, been appointed compared to as P 537.5 auditors million for the made current the year year. before. RDC is Meanwhile, a diversified operating property profit company for with the life assets business in Botswana, declined by Madagascar 62percent and on account United of excess States mortality of America. experienced during the year. A significant part of the increase in mortality was due to
DCI increases
COVID- 19 related deaths. The asset management business operating profit for the year is 12percent higher than the
marginally
prior year owing to an improved Asset Under Management position from the previous year, leading to higher
BG reporter
fee income earned. Share of profit of associates and joint ventures increased
The Domestic Companies Index by 19percent with the main associates
( DCI) went up by 0.13 percent durbeing Funeral Services Group, Letshego
ing the week ending June 1, closing Holdings and Botswana Insurance
at 8 545.25 points from 8 534.27 Company all of which reported signifi
points the previous week, as indicantly better results compared to last
cated by Stockbrokers Botswana year. The NICO Group performance
weekly report. For the year- to- date, was adversely impacted by COVID- 19
the index lost 3.55 percent. A total claims. of 96 174 823 securities valued at P312 923 335 were traded during the week.