The State Diamond Trader

1. The State Diamond Trader Annual Performance Plan 2013 – 2014

2. State Diamond Trader: Mandate To promote the diamond beneficiation industry through research and development

3. State Diamond Trader: Vision Be a catalyst for the transformation and growth of the local diamond beneficiation industry

4. State Diamond Trader: Mission • Ensure acquisition of and equitable access to rough diamonds with particular focus on HDSAs • Promote the growth of the diamond beneficiation industry through relevant interventions • Establish and maintain a transformed client base of local diamond beneficiators

5. Strategic Objectives 2013 - 2014 • Contribute to the growth of the local diamond beneficiation industry • Develop efficient means to market diamonds not suitable for local beneficiation • Develop and acquire appropriate Human Resource capacity

6. Strategic Objectives: 2013 - 2014 In order to contribute to the growth of the industry, SDT has agreed to execute the following main activities: • Develop and implement marketing and industry promotion strategy • Establish collaborations with relevant skills development State institutions Key Activities:

7. Strategic Objectives: 2013 - 2014 • Facilitate relevant capacity building for HDSA and small beneficiators • Contribute to the development of a regional trading hub

8. State Diamond Trader: background • The State Diamond Trader (SDT) was established in July 2007 - Diamond Second Amendment Act, 29 of 2005 • SDT is a schedule 3B government business entity • SDT does not receive funding or transfers from the fiscus • To start its operations, the SDT received loan funding from the IDC and continued for trading purposes • Staff were seconded from DMR and De Beers

9. State Diamond Trader: background • SDT had to make profits from its diamond sales to build up financial reserves to sustain itself • Currently has filled some permanent positions and increased the number of diamond valuator trainees • The first Board term ended in September 2012 and the new Board term is for three years to September 2015 • It now has its own permanent employees together with four seconded from De Beers

10. State Diamond Trader: Progress • For three years, SDT implemented its special training programme in diamond sorting and valuation • Programme has resulted in some being employed at the SDT, while others are still in training • Several programmes established to build the capacity of HDSA clients have been implemented

11. Past Five Year Performance Overview

12. Budget and Performance • While the SDT does not have an allocated budget, its budget is aligned to its objectives of contributing to the growth of the diamond beneficiation industry. • It caters for appropriate skilling of its staff while also catering for the facilitation of capacity building for HDSA and small clients

13. State Diamond Trader: Progress • Its budget strategy is aligned to its Strategic Objectives which enables it to carry out the necessary activities to achieve the Objectives • As the available funds are not sufficient for the work required to grow the industry, the SDT plans to establish partnerships with industry stakeholders

14. Budget and Performance • The SDT does not have any significant capital investment plan in the short term • The SDT is already benchmarking against some of the outcomes of the NDP and aligning with those of DMR • As the Beneficiation Strategy gets implemented, the SDT will contribute to its goals and thereby to NDP outcomes relevant to its business and mandate

15. Budget for 2013-2014

16. Budget for 2013-2014 • State Diamond Trader is budgeting to have the following as at the year end March 2014: • Book Value Assets 1 573 520 • Retained Income 29 649 704 • Cash in the Bank 28 795 075

17. The State Diamond Trader