How young South Africans should take part in diamond manufacturing

The South African Young Diamond Beneficiatos’ Guild was launched on 27 October at the inaugural South African Diamond Indaba - Sandton Convention Centre, Johannesburg.

The Guild aims to help start-ups led by mainly young, black entrepreneurs to cut and polish diamonds as well as to boost the processing and manufacturing of rough diamonds.

CapeTalk’s Redi Tlhabi spoke to Molefi Letsiki, President of The South African Young Diamond Beneficiators Guild about reasons The Guild was formed.

Listen to the full conversation on The Redi Tlhabi Show below:

He says that The Guild was formed by individuals from emerging companies in the sector earlier this year, after the realisation that South Africa manufactures the least of the diamonds it produces.

As a country we need to look at developing our own manufacturing bases

Molefi Letsiki, President of The South African Young Diamond Beneficiators Guild

He says that there is a need to industrialize South Africa by setting up local manufacturing companies that will cut and polish the diamonds instead of getting the diamonds polished outside the country.

According to Letsiki the number of diamond cutters in South Africa has dropped drastically over the last two decades leaving the country with about 300 diamond cutters.

This is due to international companies leaving South Africa to start businesses in other countries, he says.

Letsiki says the sector needs to be revitalized and be brought back to life.

Read More
Local bee farming company Native Nosi creating a buzz with raw honey

Local bee farming company Native Nosi creating a buzz with raw honey

Native Nosi owner Mokgadi Mabela says over 50% of honey sold in SA is imported and she wants to change the business landscape.

How do we ensure the safety of women in South Africa?

How do we ensure the safety of women in South Africa?

Women's Legal Centre and POWA discuss ways to ensuring the legal system stops failing women of South Africa.

Visual activists use work to highlight realities of women, LGBTI communities

Visual activists use work to highlight realities of women, LGBTI communities

Acclaimed photographer Zanele Muholi and curator Lerato Dumse discuss to exhibitions of work and the power of visual activism.

Why you should be an organ donor

Why you should be an organ donor

The Organ Donor Foundation gives a compelling argument why every one of us should register to be organ donors.

Are diplomats and politicans above the law?

Are diplomats and politicans above the law?

Listeners weigh in on whether Grace Mugabe is deserving of diplomatic immunity after allegedly assaulting a South African woman.

'The soft reset' - How to fix South Africa's current crisis

'The soft reset' - How to fix South Africa's current crisis

Activist Vishwas Satgar talks to Stephen Grootes about South Africa's current crisis and provides insights on how to resolve it.

Popular articles
Best bank ad ever? Andy Rice reviews Investec’s “you’re more than data”

Best bank ad ever? Andy Rice reviews Investec’s “you’re more than data”

The Money Show’s Bruce Whitfield interviews the advertising expert about the best and worst new advertisements.

Police apparently mulling over warrant of arrest after Grace Mugabe a no-show

Police apparently mulling over warrant of arrest after Grace Mugabe a no-show

EWN understands that lawyers representing the Zimbabwean first lady are negotiating with officers at the Sandton police station.

[LISTEN] 20-year-old SA woman traumatised by Grace Mugabe's assault

[LISTEN] 20-year-old SA woman traumatised by Grace Mugabe's assault

Gabriella Engels says she is saddened by people who are calling her names on Twitter before they understand the full story.

Traffic gridlocked as Imizamo yethu residents make their way to Cape Town

Traffic gridlocked as Imizamo yethu residents make their way to Cape Town

About 40 minibus taxis, in a convoy at a very low speed, are transporting Imizamo Yethu residents into CT for a planned protest.

Words you’ll hear: Grace Mugabe's latest nickname

Words you’ll hear: Grace Mugabe's latest nickname

Find out why Zimbabwe's First Lady should be dubbed with the moniker 'extension cord'.

Discovery CEO (and founder) Adrian Gore bares his soul about money

Discovery CEO (and founder) Adrian Gore bares his soul about money

The Money Show’s Bruce Whitfield interviews Gore about his attitude to money (hopes and fears, successes and failures, etc.).

Ocean Basket gives franchise owner the chop after assault video

Ocean Basket gives franchise owner the chop after assault video

The man was immediately divested of his shares and is no longer part of the group, explains Ocean Basket CEO Grace Harding.

WATCH: Cape schoolkids 'starstruck' after Trevor Noah,  Charlize Theron drop by

WATCH: Cape schoolkids 'starstruck' after Trevor Noah, Charlize Theron drop by

Oaklands High principal Reza Patel says it was an extremely exciting experience for both the learners and staff. We can imagine!

CoCT explains new electricity tariffs

CoCT explains new electricity tariffs

Following residents concerns over new electricity tariffs and properties being re-evaluated, Johan van der Merwe provides clarity.