De Beers to upskill 5 black-owned diamond cutting firms

There is tremendous talent in South Africa in terms of cutting and polishing skills.

Innocent Mabusela, De Beers

The business plan is not important. What’s important is the person behind the business plan.

Innocent Mabusela, De Beers

De Beers has chosen five black-owned diamond cutting and polishing firms (Kwame Diamonds, Nungu Diamonds, Thoko’s Diamonds, Diamonds Africa and Molefi Letsiki Diamond Holdings) to support in order to comply with Government’s demands for increased beneficiation.

The world’s largest diamond producer will provide support in aspects such as buying, manufacturing, marketing and distribution as well as facilitating access to funding and entrepreneurial guidance.

The Money Show’s Bruce Whitfield interviewed De Beers Head of Corporate Affairs Innocent Mabusela.

Listen to the audio below for more detail.

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Read More
Treasury says Fica Bill objections are not based on legal opinion

Treasury says Fica Bill objections are not based on legal opinion

The Money Show’s Bruce Whitfield interviews Treasury’s Ismail Momoniat and Banking Association South Africa’s Cas Coovadia.

Why the SA Institute of Race Relations accepted funding from Coca-Cola

Why the SA Institute of Race Relations accepted funding from Coca-Cola

The institute's Gwen Ngwenya explains why it took money from Coca-Cola to fund research on taxing beverages containing sugar.

The world in 10 years' time

The world in 10 years' time

The six megatrends the World Economic Forum believes will happen in the next decade.

Eskom seems against its own (wildly successful) green energy programme

Eskom seems against its own (wildly successful) green energy programme

Why is Eskom, seemingly, sabotaging the world’s fastest-growing green energy programme?

How to build an African art portfolio (that'll grow in value)

How to build an African art portfolio (that'll grow in value)

Walker Scott Art Advisory’s Dr Fred Scott gives advice on building a high growth African art portfolio.

De Beers sells Kimberley Mines after 127 years

De Beers sells Kimberley Mines after 127 years

UK-listed Petra Diamonds and Ekapa Mining are buying De Beers’ Kimberley Mines for R102 million.