Pension Funds have been growing at a rate of up to 30% over the last few years in Africa. When it comes to pension funds and alternative investments on the continent, there is exponential growth in assets under management. With the global low return environment, Pension Funds show indeed more and more interest in […]
Month: February 2019
South Africa’s expat tax: what SARS says about exemptions
The South African government is making a move towards changing its tax on remuneration earned outside South Africa – which could see some expats pay as much as 45% on earnings outside R1 million. According to Tax Consulting SA, National Treasury has invited key stakeholders to a workshop in March 2019 to address concerns around the […]
Mauritius is not in the European Commission’s Blacklist
The adoption of a new list of 23 countries with strategic deficiencies in their anti-money laundering and counter-terrorist financing frameworks was announced by the European Commission, in a Press Release issued on 13th February 2019. Mauritius is not in the European Commission’s blacklist. According to a communiqué published by the Ministry of Finance […]
Moving beyond cost traditional cost reduction in financial services
In a new report titled: The productivity agenda – moving beyond cost reduction in financial services, PwC sets out the important challenges and opportunities facing the financial services industry and the ways in which senior executives should respond if they wish to move beyond simple cost-cutting and improve profitability in the long term. With […]
Mauritius to Issue Custody Service Licences for Digital Assets Beginning March
The Financial Services Commission (FSC) of Mauritius has announced that it will start issuing licenses for Custodian Services for Digital assets in the country beginning 1st March this year.This is following the recognition of Digital Assets as an asset-class for investment in the country last September. The FSC had also issued a Consultation Paper […]
South African M&A expected to improve in 2019
After a difficult 2018 for M&A in South Africa, deal values are set to rebound this year, as part of a wider economic recovery. There are positive signs for South Africa’s economy in 2019, with the mergers and acquisitions (M&A) market expected to rebound after a tough 2018, according to a report by international […]
IMF Staff Completes 2019 Article IV Mission to Mauritius
Real GDP growth is projected at 3.8 percent in 2018 and 3.9 percent in 2019, driven by robust performance in the financial services, construction, and tourism sectors. Mauritius faces the challenge of boosting inclusive economic growth while preserving fiscal sustainability, regaining external competitiveness, and maintaining financial integrity. The mission welcomed the authorities’ ongoing efforts […]
EDB issues five Regulatory Sandbox Licences to FinTech companies for their innovative projects
The Economic Development Board has issued five (5) Regulatory Sandbox Licences to FinTech companies for their innovative projects in Mauritius, pursuant to its powers conferred by Section 24 of the Economic Development Board Act 2017. The Regulatory Sandbox Licence allows the companies to carry out their fintech projects and activities through Mauritius, even if […]
