Since the implementation of the IRS and RES regimes by the Mauritian government, one third of the total number of projects launched so far and falling under those two categories, has been sold to South Africans stated Mr. Nitin Pandea, Senior Director at Board of Investment Mauritius, last week in Sandton, South Africa. This clearly shows the interest that South African investors have regarding investing in Mauritius. Foreign Direct Investment from South Africa rose in recent years to reach about USD 100 million a year. Moreover, some 1500 applications for Mauritian residency permits have been granted to South Africans.
The island remains an attractive destination for investment and South Africans are showing great interest in the manufacturing and seafood sectors as well. Many companies from South Africa are present in Mauritius : Investec, Aspen Parmacare, Seeff Real Estate Company etc. Furthermore, it was Atterbury Property which realized the commercial center of Bagatelle Mall of Mauritius hosting brands like Mr Price, Truworths, Woolworths, Spur, Pick N Pay etc.
To read more about IRS and RES projects in Mauritius, click on the following articles :
Dossier: assessment of the IRS-RES segment
Source : bdlive.co.za