News

IPC questions Government over De Beers sale

todayNovember 12, 2026

Background

The Independent Patriots for Change (IPC) has accused Government of remaining silent on Anglo American’s planned sale of its 85 percent stake in De Beers, despite Namibia’s significant interests in the diamond group. Shadow Minister of International Relations and Trade Rodney Cloete says Government must clarify whether it intends to acquire a stake and how it plans to protect Namibia’s diamond interests, as diamond taxes and royalties are projected to fall from N$5.8 billion in 2023/24 to N$414 million this financial year.

The post IPC questions Government over De Beers sale appeared first on Future Media News.

Written by: Madeline

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