South Africa PLANS to centralize SALE rough
Department of Minerals and Energy, South Africa intends to establish a central trading organization that will purchase some (as yet undefined) of the country#39;s rough diamonds and sell them to small local diamantaires and companies that emerged as part of the Better Business blacks (#39;black economic empowerment #39;). According to the statement Abe Mngomezulu (Abe Mngomezulu), the representative of the ministry responsible for the mineral policy and investment promotion, diamond producers, including De Beers and local yuniornuyu company Trans Hex, the legislation will be obliged to sell diamonds to the organization. A.Mngomezulu also said that the government intends to then implement more productive idea about how to keep the country most of the South African rough diamonds to contribute to the rise of the local cutting industry. This will be possible after the adoption of the amendments to the law on diamonds. He added that this will be the policy support for small companies and companies partly or wholly owned by black entrepreneurs.
South Africa intends to ask the first-class international companies if they agree to work in the country for these conditions.
