Tender News

Petra confident of medium-, long-term lift in market

Petra confident of medium-, long-term lift in market

In a diamond market that is softer than anticipated, London-listed Petra Diamonds is moving ahead with confidence despite a downturn in its financial performance for the year ended June 30, 2023. While the industry faces short-term challenges, including ongoing global economic uncertainty, Petra CEO Richard Duffy maintains confidence in the medium to long-term outlook for the company amid a long-term structural deficit, the resilience of the high-end luxury goods segment and the rarity and finiteness of natural diamonds.
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Public–private partnerships could play role in ensuring water security

Public–private partnerships could play role in ensuring water security

As climate change and its effects such as erratic weather patterns intensify, coupled with rapid urbanisation and population growth, municipalities and metros would do well to pursue more public–private partnerships (PPPs) to guarantee water supply to citizens, a panel of experts who participated in a webinar hosted by Creamer Media earlier this month averred.. Globally, government bodies are increasingly making use of PPP procurement models to source solutions in the water space – according to training organisation PPP Training Online CEO Andre Kruger, only ten countries in Africa do not have PPP regulations or policies.
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