Search Results for: Mauritius

Knitwear companies on Mauritius have been inspired by the economic malaise harming their key European export markets to diversify their sales strategy by seeking to tap the key regional market of South Africa. It is now the Indian Ocean island country’s second largest knitwear export market after the European Union (EU).…

AT a time when the world seems increasingly led by lifelong politicians, it is perhaps refreshing to hear from a political leader who has a solid background in business, and such is former Canadian Prime Minister Paul Martin.

Speaking to Accountancy Futures, he showed how more than half-a-century of business and public life can be brought to bear in financial and commercial mentorship.…

EXPERTS representing accounting bodies from around the world urged accountants in Africa to help reduce corruption and mismanagement in their governments through effective bookkeeping and auditing, as the continent moves towards sustainable growth. The 2^nd Africa Congress of Accountants (ACOA) gathered in Accra, the capital of Ghana, from May 14-16.…

AFRICA’S beleaguered clothing and textile industry could take advantage of a projected downturn in exports from Chinese manufacturers, but only if a wide range of reforms are implemented locally.   

Industry experts have told the Source Africa trade event in Cape Town on April 12 that if the difficulties currently hamstringing the sector could be overcome then Africa’s clothing and textile sector could thrive.…

Clothing and textile companies in Mauritius are looking to South Africa to recoup export sales, given European export markets have been weakened by the ongoing financial crisis.

“The South African market is rising… which is benefiting directly local textile operators,” said Ahmed Parkar, chief executive of Star Knitwear a leading Mauritius clothing group.…

THE EUROPEAN Chemicals Agency (ECHA) has proposed that companies wanting to use five coatings chemicals must apply for special authorisation under the European Union’s (EU) REACH chemical control system.

The agency has already decided that these chemicals are substances of very high concern – potentially damaging human health or the environment, and now wants to go a step further.…

BY MJ DESCHAMPS

WINNERS

Nike

Multinational sporting goods giant Nike made positive moves to shrug the bad PR associated with low cost sourcing, announcing it was "changing the rules of the game" in May, with a new factory rating system – the Sourcing & Manufacturing Sustainability Index.…

BY WACHIRA KIGOTHI, IN NAIROBI, AND WANG FANGQING, IN SHANGHAI

China’s powerful clothing and textile industry is looking for continued growth in sub-Saharan Africa, whose local manufacturers and brands are worrying about how to deal with the competition.

According to William Gumede, a senior research fellow at the University of Witwatersrand’s school of public and development management in South Africa, Chinese domination of Africa’s textile markets and its industry has promoted significant job losses.…

BY VILLEN ANGANAN, IN PORT LOUIS, MAURITIUS

Mauritius has developed policies attracting overseas corporations through its growing demand for professional services. It offers job opportunities for foreign qualified professionals as the country is opening its economy.

Opportunities exist for accountants, finance and marketing professionals, investment bankers and risk managers business consultants in a booming financial services sector.…

BY VILLEN ANGANAN, IN PORT LOUIS, MAURITIUS

ACCA fellows can be found in many influential positions worldwide. And in Africa, they are often the backbone of financial and management best practice. That is certainly the case on the Indian Ocean state of Mauritius, where environment and sustainable development minister and ACCA member Devanand Virahsawmy, 62, belongs to the inner circle of prime minister Navin Ramgoolam, who secured a second mandate in May 2010 elections.…