Botswana: state offloads Anglo American shares.

Position::Business Briefs - Brief Article
 
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Faced with its first budget deficit in 16 years, the Botswana government has sold half its holdings in gilt-edged mining counter Anglo American. The sale netted more than R1bn and prevented the budget from sliding into the red.

The government announced three months ago that it faced a budget deficit and instituted such unpopular measures as cutting ministerial development budgets...

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