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Mauritius property investments pay off for South Africans

Mauritius has always been a South African favourite for realty investments and, especially for high-end buyers who spent more than 10 million rand on property purchase, the rewards in terms of capital growth have been considerable. According to Board of Investment figures, average prices in integrated resort scheme developments have witnessed an increase of 30-40% since 2005 despite the fact that most of the world’s housing markets are still recovering

Mauritius tourist arrivals up 3.7% year-on-year in January

Mauritius witnessed a rise of 3.7% year-on-year in tourist arrivals in January 2014 compared to January 2013, with 96,332 tourists visiting its shores last month. Statistics Mauritius data showed that Asia, and China in particular, appear to be powering tourism in the island nation, with the continent and the country registering a rise of 65.5% and 289.7% respectively at 13,096 and 6,706 tourist footfalls each. This is in line with

India makes efforts to revamp tax treaty with Mauritius

In what should come as welcome news for the island economy, the Government of India said on Tuesday that efforts were being made to find a mutually acceptable solution to address India’s concerns while revising the tax treaty with Mauritius. In a written reply to the Rajya Sabha, India’s Upper House of Parliament, Minister of State for Finance J. D. Seelam said that, as far back as 2006, a joint

HSBC Mauritius wins Global Investor’s Best Sub-Custodian Bank award

HSBC Mauritius has retained the title of the ‘Best Sub-Custodian Bank’ for 2013-14 in the local market, according to the latest findings released under the Global Investor/IFS survey. The strong performance of HSBC Mauritius stems both from the bank’s ability to deliver outstanding customer service, as well as in being among the pioneering banks to capitalise on the transformation of the Stock Exchange of Mauritius from a domestic focused exchange

Mauritius’ Bramer Bank in talks to merge with major African bank

Mauritian financial services major Bramer Bank is currently holding discussions with a major African bank for a possible merger. The management stated that Bramer Bank has ambitious expansion plans for Africa and such a partnership would give it a major advantage in accessing new markets on the continent which are yet underpenetrated. “The opportunity to work with a large African bank would give us direct access to a huge market

Turkish Airlines to run 3-4 weekly Mauritius flights from October

Mauritius is likely to play host to increasing tourists from Turkey come October, with Turkish Airlines set to launch three to four weekly flights to connect Istanbul and Mauritius via Madagascar. Also, direct flights between Mauritius and Istanbul may not be far off, as Turkish Airlines stated that it would consider operating direct flights to Mauritius, but only after several operations, in view of increasing the connectivity between the two

Enterprise Mauritius: Mauritius must become focal point for regional procurement

Exports continue to be a major engine of growth for the island economy, with Mauritius now exporting more than Rs 1 billion worth of goods to each of nine countries, over Rs 500 million to three countries each and more than Rs 100 million to each of 24 countries. Export diversification away from traditional EU markets is also on the right track, with data from Enterprise Mauritius showing that the

[Vidéo] Xavier Duval lance le programme de création de sites web gratuits pour PME

Le ministre des Finances estime qu’il est essentiel que les petites et moyennes entreprises du pays aient une visibilité non seulement à Maurice mais dans le monde à travers Internet. C’est uniquement l’économie que Xavier Duval a souhaité abordé aujourd’hui. Il a soigneusement évité les questions ayant trait à sa relation avec le gouverneur de la Banque de Maurice, Manou Bheenick.

Mauritius to let 34 EU tuna vessels fish in its waters

The European Union Council of Ministers has ratified an agreement between the European Union and Mauritius at its ECOFIN session to allow 34 EU tuna vessels to fish in the waters of the island economy. For Mauritius, providing the EU with fishing opportunities for vessel targeting tuna species will allow the island economy to earn an annual compensation of EUR 660,000 (Rs 26.4 millions). A little less than half this

Mauritius and Qatar sign labour agreement; strengthen tourism links

The island nation is going all out to court the prosperous Middle-East economy through a labour agreement signed yesterday to regulate Mauritian workforce in the country road as well as a roadshow held in Qatar recently to promote the island’s tourism industry. The labour agreement was signed in Doha yesterday by Qatar’s labour minister Dr. Abdullah bin Saleh Al Khulaifi and his counterpart in Mauritius, Shakeel Ahmed Yousuf Abdul Razack

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