Zambian government throws Gemfields a curve ball
The decision to reintroduce a 15% export duty on precious gemstones came without warning, said Gemfields
08 January 2025 - 10:45
UPDATED 08 January 2025 - 13:10
The Zambian government has revived a 15% export duty on the country’s precious gemstones to boost revenue, sending shares in Gemfields tumbling.
Gemfields, which has operations in the southern African country, dropped 2.78% in morning trading on the JSE following the news...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.