CONTENT: Former mines minister, Isak Katali.
CONTENT: Former mines minister, Isak Katali.

Katali defends Namdia’s establishment

'I still think it’s a good thing'
It was felt at the time that Namibia should be able to sell some of the country's diamonds itself. 
Ogone Tlhage
Former mines minister Isak Katali has defended the formation of Namib Desert Diamonds (Namdia), saying this meant Namibia could fetch good returns for its diamonds internationally.

This comes on the heels of an interview with his successor, Obeth Kandjoze, the current director general of the National Planning Commission, who said he had found that the process to establish Namdia was already in the works under his predecessor, Katali.

"I thought it is a good thing, and I still think it’s a good thing. I could not do something not agreed to by the ministry or by Cabinet," Katali said.

Piece of the pie

De Beers was the only company selling diamonds produced in Namibia, prompting the establishment of Namdia, he said.

"De Beers was the sole selling company for all diamonds in the joint venture. We felt that a part or certain diamonds must be sold by ourselves. That’s why we said, let’s have our own," Katali remarked.

No comment

Katali would, however, not weigh-in on the scandals that have engulfed Namdia.

"I cannot talk to what is currently happening," he said of the entity that was being established during his tenure as minister.

A Namibian Sun investigation in January 2021 detailed how Kandjoze and Sacky Shanghala, then the attorney general, were able to compel Namdia to offer its diamonds to C-Sixty, a former cleaning company with no track record in valuing diamonds.

Namdia board chairperson at the time, the late Shakespeare Masiza, was opposed to the deal, but Kandjoze got his way.

The contract was awarded to C-Sixty despite Namdia having already had a consultant, Niel Haddock, carry out valuation work for the government entity.

Compelling case

Appearing on Namibia Media Holdings' The Agenda last week, Kandjoze said he had no qualms handing over the lucrative contract to C-Sixty, despite the company being only three months old at the time.

"Given the extensive, technological write-up and business plan provided to us it was clear, not so much the history of the company, but did they demonstrate stealth and ability to do the work, or did they not, when that final submission was made. It’s not just the minister that sat down; it was the permanent secretary; all of us to look at that thing," said Kandjoze.

Comments

Namibian Sun 2024-10-18

No comments have been left on this article

Please login to leave a comment

Katima Mulilo: 22° | 39° Rundu: 21° | 38° Eenhana: 19° | 37° Oshakati: 20° | 37° Ruacana: 18° | 37° Tsumeb: 23° | 35° Otjiwarongo: 18° | 33° Omaruru: 17° | 33° Windhoek: 16° | 30° Gobabis: 16° | 33° Henties Bay: 12° | 18° Wind speed: 22km/h, Wind direction: S, Low tide: 09:33, High tide: 03:44, Low Tide: 22:02, High tide: 15:58 Swakopmund: 13° | 15° Wind speed: 25km/h, Wind direction: SW, Low tide: 09:31, High tide: 03:42, Low Tide: 22:00, High tide: 15:56 Walvis Bay: 13° | 21° Wind speed: 37km/h, Wind direction: SW, Low tide: 09:31, High tide: 03:41, Low Tide: 22:00, High tide: 15:55 Rehoboth: 12° | 31° Mariental: 15° | 31° Keetmanshoop: 14° | 31° Aranos: 14° | 32° Lüderitz: 13° | 24° Ariamsvlei: 14° | 29° Oranjemund: 11° | 18° Luanda: 24° | 25° Gaborone: 19° | 35° Lubumbashi: 18° | 37° Mbabane: 13° | 27° Maseru: 12° | 26° Antananarivo: 15° | 27° Lilongwe: 21° | 33° Maputo: 18° | 29° Windhoek: 16° | 30° Cape Town: 14° | 16° Durban: 18° | 22° Johannesburg: 19° | 29° Dar es Salaam: 25° | 30° Lusaka: 21° | 36° Harare: 17° | 32° Currency: GBP to NAD 22.91 | EUR to NAD 19.11 | CNY to NAD 2.48 | USD to NAD 17.6 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.08 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.84 | USD to AOA 909.05 | USD to BWP 13.35 | USD to EGP 48.59 | USD to KES 129.1 | USD to NGN 1651.73 | USD to ZAR 17.59 | USD to ZMW 26.66 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1885.58 Up +0.89% | Casablanca Stock Exchange (CSE) MASI 14125.26 Up +2.10% | Egyptian Exchange (EGX) 30 Index 30143.86 Down -1.31% | Botswana Stock Exchange (BSE) DCI 9834.64 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 719.81/OZ UP +0.96% | Copper US$ 4.37/lb UP +1.30% | Zinc US$ 3 104.30/T UP 0.01% | Brent Crude Oil US$ 73.36/BBP DOWN -0.0181 | Platinum US$ 1 014.58/OZ UP +2.02% Sport results: Weather: Katima Mulilo: 22° | 39° Rundu: 21° | 38° Eenhana: 19° | 37° Oshakati: 20° | 37° Ruacana: 18° | 37° Tsumeb: 23° | 35° Otjiwarongo: 18° | 33° Omaruru: 17° | 33° Windhoek: 16° | 30° Gobabis: 16° | 33° Henties Bay: 12° | 18° Wind speed: 22km/h, Wind direction: S, Low tide: 09:33, High tide: 03:44, Low Tide: 22:02, High tide: 15:58 Swakopmund: 13° | 15° Wind speed: 25km/h, Wind direction: SW, Low tide: 09:31, High tide: 03:42, Low Tide: 22:00, High tide: 15:56 Walvis Bay: 13° | 21° Wind speed: 37km/h, Wind direction: SW, Low tide: 09:31, High tide: 03:41, Low Tide: 22:00, High tide: 15:55 Rehoboth: 12° | 31° Mariental: 15° | 31° Keetmanshoop: 14° | 31° Aranos: 14° | 32° Lüderitz: 13° | 24° Ariamsvlei: 14° | 29° Oranjemund: 11° | 18° Luanda: 24° | 25° Gaborone: 19° | 35° Lubumbashi: 18° | 37° Mbabane: 13° | 27° Maseru: 12° | 26° Antananarivo: 15° | 27° Lilongwe: 21° | 33° Maputo: 18° | 29° Windhoek: 16° | 30° Cape Town: 14° | 16° Durban: 18° | 22° Johannesburg: 19° | 29° Dar es Salaam: 25° | 30° Lusaka: 21° | 36° Harare: 17° | 32° Economic Indicators: Currency: GBP to NAD 22.91 | EUR to NAD 19.11 | CNY to NAD 2.48 | USD to NAD 17.6 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.08 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.84 | USD to AOA 909.05 | USD to BWP 13.35 | USD to EGP 48.59 | USD to KES 129.1 | USD to NGN 1651.73 | USD to ZAR 17.59 | USD to ZMW 26.66 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1885.58 Up +0.89% | Casablanca Stock Exchange (CSE) MASI 14125.26 Up +2.10% | Egyptian Exchange (EGX) 30 Index 30143.86 Down -1.31% | Botswana Stock Exchange (BSE) DCI 9834.64 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 719.81/OZ UP +0.96% | Copper US$ 4.37/lb UP +1.30% | Zinc US$ 3 104.30/T UP 0.01% | Brent Crude Oil US$ 73.36/BBP DOWN -0.0181 | Platinum US$ 1 014.58/OZ UP +2.02%