Investors would rather put their money in Mauritius than South Africa

By: Staff Writer, BusinessTech  |  Photo courtesy of: BusinessTech, August 27, 2017

Despite a larger economy and a much bigger population, South Africa’s political uncertainty and failure to draw cost-sensitive investors has given way for the rise of Mauritius as the top investment destination in Africa.

“…What Mauritius is doing right is that there is policy certainty from a tax perspective, and the government is benign – not getting too involved in businesses.”

Speaking to CNBC Africa, Bravura’s executive director, Soria Hay, said Mauritius is fast-gaining the reputation among investors as being the true ‘gateway to Africa’ – a title once reserved almost exclusively for South Africa.

“Economic analysts, and the world, see Mauritius as the number one attractive investment jurisdiction in Africa,” Hay said.

In 2006, Botswana was ranked as the most attractive destination for investors, with South Africa ranked number two – now in 2017, Mauritius has the top spot, and South Africa has dropped even further to number four. This is behind Mauritius, Botswana and Rwanda, Hay said.

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