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Suite C 208, La Croisette, Grand Baie, Mauritius Tel: +230 269 4400 | Fax: +230 269 6400 [email protected] | www.sachamber.mu
Annual Report 2018 Page 2 of 21
CONTENT
INTRODUCTION
MEMBERSHIP
PRESIDENT’S REPORT
EXECUTIVE COMMITTEE
CORPORATE GOVERNANCE
MARKETING REPORT
PATRONS, SPONSORS, AFFINITY PARTNERS
EVENTS
INFORMATION & MEDIA
FINANCIAL REPORT
3
6
10
11
12
13
14
17
19
20
Annual Report 2018 Page 3 of 21
INTRODUCTION
The Republic of South Africa represents a significant source of revenue and intellectual capital to the island of Mauritius. And with its favorable business environment, first world infrastructure and stable economic and political situation, Mauritius represents an enticing investment destination for South Africans. The primary mandate of The South African Chamber of Commerce in Mauritius is the representation and development of commercial relations between Mauritius and South Africa. It is government’s role to ensure that the appropriate trade agreements, incentives and processes are in place to facilitate this course. The Chamber endeavors to guide the public sector on matters concerning lateral trade relations and to ensure that its members in the private sector can benefit from what each economy can bring to each other. Data provided by Statistics Mauritius provides a recent historical snapshot of some key market indicators from the Island’s perspective:
South African business travelers have always been significantly higher than any other country. The expectation is that this trend will strengthen into 2018/19. The Mauritius - South Africa route is served by South African Airways and Air Mauritius with an average of 30 flights per week. All members of the Chamber benefit from a Tier Level 1 corporate rate with South African Airways. As far as external trade is concerned, South Africa represents an important partner both as a purchaser of
Mauritian goods and supplier of products to the Mauritius market place.
Annual Report 2018 Page 4 of 21
South Africa - Always in the Top 5 Imports by Country of Origin
South Africa - Always in the Top 5 Domestic Exports by Country of Destination
South Africa - Always in the Top 5 Tourist Arrivals by Country of Residence
0
1,000,000,000
2,000,000,000
3,000,000,000
4,000,000,000
5,000,000,000
6,000,000,000
7,000,000,000
8,000,000,000
9,000,000,000
Q1 - 2018 Q2 - 2018
Nu
mb
er
of
Imp
ort
s
Imports by Country
China
India
South Africa
France
United Arab Emirates
Japan
Germany
0
2,000,000,000
4,000,000,000
6,000,000,000
8,000,000,000
10,000,000,000
12,000,000,000
2014 2015 2016 2017 Q1 - 2018 Q2 - 2018
Nu
mb
er o
f Ex
po
rts
Domestic Exports by Country of Destination
United Kingdom
United States
France
South Africa
Italy
Spain
0
50,000
100,000
150,000
200,000
250,000
300,000
2013 2014 2015 2016 2017 Q1-2018 Q2-2018
Nu
mb
er o
f A
rriv
als
Tourist Arrivals by country of Residence
France
United Kingdom
Reunion Island
Germany
Republic of South Africa
India
Republic of China
Annual Report 2018 Page 5 of 21
With the completion of a third full year of operation, the success of South African Chamber of Commerce in Mauritius bears testament to the increasing demand for formal representation of commercial relations between the two countries. The objectives of the Chamber are as follow:
to promote, encourage and facilitate trade, services and investment between South Africa and Mauritius;
to promote the role of Mauritius as a regional hub and the destination of choice for the establishment of investment opportunities into the African continent;
to promote and facilitate the integration of businesses owned/managed by South Africans in Mauritius with the wider Mauritian business community;
to represent and promote South African interests on specific and general issues with the Government and other relevant authorities;
to promote generally the mutual interests of its members.
In order to fulfil these objectives, the Chamber provides its members with:
appropriate information and news;
knowledge bank resources;
networking opportunities;
events, presentations and workshops
CURRENT ASSOCIATE MEMBERS CURRENT HONORARY MEMBER
Board of Investment Department of Trade & Industry Department of International Relations & Co-
Operation Mauritius Exporters Association Chinese Business Chamber French Business Chamber Indian Ocean Rim Association Ekurhuleni North Chamber of Commerce Department of Communications & Postal
Services Yu Lounge
South African High Commission to Mauritius
Annual Report 2018 Page 6 of 21
010203040506070
Corporate Individual
MEMBERSHIP
Membership to the Chamber is of interest to any company or individual – Mauritian or South African - that seeks to improve and grow business relations between the two countries. Since our launch, our membership has grown to 122 corporate and 58 individual members with a profile covering a wide range of industry sectors including financial, educational, construction, property, manufacturing, hospitality, logistics, retail and other service industries. Membership is offered as follows:
Corporate Membership – annual fee Tailored for organisations seeking wider information distribution and marketing exposure 4 nominated members Company listing on the Chamber website with
hyperlink Regular news, invitations, networking etc. Business to Business Promotion within
Chamber membership Sponsorship Opportunities Affinity Partnership
Individual Membership – annual fee Individuals electing to join in their personal
capacity Individual listing on Chamber website Regular news, invitations, networking etc.
Honorary or Associate Membership – no annual fee Individuals or governmental institutions that
support Chamber objectives and activities Listing on Chamber website Regular news, invitations, networking etc. Honorary and Associate members have no
voting or commercial rights
Active members as of end June 2018
Nominee Profile as of end June 2018
Membership by Business Sector as of end June 2018
9%
27%
64%
Associate & Honorary Individual Corporate
6%
48% 41%
1% 1% 3%
CEO Director Manager
Other Partner Professional
Annual Report 2018 Page 7 of 21
CORPORATE MEMBERS END JUNE 2018
BANKING & INSURANCE AfrAsia Bank Limited African Risk Transfer Limited Bank One Limited Investec Bank (Mauritius) Limited Medscheme (Mtius) Limited Metropolitan Health (Mauritius) Ltd Standard Bank (Mauritius) Ltd Standard Chartered Bank (Mauritius) Ltd Swan CHEMICAL DISTRIBUTORS Brenntag Chemicals Mauritius Limited CONSULTING SERVICES BIG5 Holdings Ltd CFO Centre Ltd Kross Border Consultancy Services Ltd COMMUNICATION Vodacom International CONSTRUCTION & PROPERTY Arup Sigma Ltd Broll Indian Ocean Ltd Building & Civil Engineering Co Ltd Rentsolutions Limited EarthScape Mauritius Ltd ENL Property Limited Gateway Delta Development Inter Island Construction Ltd Kosto (Ltd) Mauritius La Balise Marina Les Villas de Belle Ombre/Villas Valriche IRS Mara Delta Property Holdings Nundun Gopee Group Park Lane Properties Ltd Profica International Ltd Rehm Grinaker Construction Co Ltd Seeff Mauritius Tower Bridge Projects Mauritius Ltd Top Turf (Mauritius) Ltd Winterbourne Holdings Ltd ZoranCSM Consulting Services Ltd EDUCATION Northfields International High School ENERGY & MINING AECI (Mauritius) Ltd Engen Petroleum (Mauritius) Ltd
FINANCIAL MANAGEMENT SERVICES Abax Corporate Services Ltd Adansonia Management Services Limited AIP Holdings Limited AssetHouse Ltd Alliance Financial Services Ltd All Seasons Capital Management Ltd Ana Balat Limited Anchor Capital (Mauritius) Ltd Baker Tilly Mauritius Blue Azurite Ltd BTG Management Services (Mauritius) Ltd Carrick Investment Services DTOS Ltd E-stablisher Global Connections Ltd First Island Group Geneva Management Trust Ltd Intercontinental Trust International Payments Tech International Proximity Island Premier Foreign Exchange KDT Investment Advisors KPMG LCF Securities Ltd Lemuel Corporate & Trust Management Services Ltd Loita Management Services Ltd Maitland (Mauritius) Ltd Mauri Experta Ltd Navitas Management Services Ltd New Fundamental Solutions Ltd Novare Fund Manager Price Waterhouse Coopers Ltd PSG Wealth Riscura Mauritius Safyr Utilis Ltd Sanlam Private Wealth Mauritius Limited Schindlers Trust Mauritius Ltd SGG Mauritius Skybound Capital Limited Stenham (Mauritius) Southern Cross Mauritius South Suez Capital Ltd Summit Trust (Mauritius) Ltd Sunibel Corporate Services Ltd Super Group Trading Limited TAM Asset Management International Ltd TWZ Law Limited VFS International Vistra Group HR & TRAINING Africa HR Solutions Ltd
Annual Report 2018 Page 8 of 21
Copper Quail Global Ltd Global Natives Ltd
CORPORATE MEMBERS END JUNE 2018 (continue...)
LEGAL Coetzee and Partners ENSafrica (Mauritius) Eversheds Mauritius Temple Group LOGISTICS & OUTSOURCING CCI Global (Mauritius) Ltd International Facilities Services Mauritius Ltd Likusasa Group Mauritius Freeport Development Co. Ltd Regis Management Services SABMiller Procurement (Mauritius) MANUFACTURING Hauswerk Limited Roger Fayd’Herbe & Co Ltd Sterns Casting & Refining Ltd
PHARMACEUTICAL Aspen Global Incorporated RELOCATIONS Dodo Relocations RETAIL Grays Inc Ltd Hassam Moussa Rawat Communications Ltd Shoprite International Vivere Collections Ltee Woolworths (Mauritius)
TECHNOLOGY Borwood International TRANSPORTATION Air Tec Africa
TRAVEL, TOURISM & HOSPITALITY Check-In Travel Ltd Concorde Travel Inter-Ocean Aviation Finance Corporation Itineris Ltd Jes Travel Consultants Ocean Spirit Limited Partners In Travel Rev Voyages Ltee Rogers Aviation (Mauritius) Ltd Satguru Travel and Tours Ltd Silver Wings Travels Ltd South African Airways Ltd The Beach House Restaurant Visas Zone Vision Sport Mauritius Ltd
Annual Report 2018 Page 9 of 21
INDIVIDUAL MEMBERS END JUNE 2018
Mr. Al Assad Peeroo Mr. Amer N. Raja Mr. Anand Singh Cyparsade Ms. Ayesha Jeewa Mr. Bilal Sassa Mr. Brent Harris Mr. Calum Flockhart Mr. Charl Stevens Mr. Dean Pitot Ms. Deborah Dove Mr. Deon Jacbosz Mr. Didier de Senneville Ms. Eloise Robbertze Mrs. Emilie Sarah Oliver Mr. Ernst Nolte Mr. Gert Boshoff Ms. Hannelie Strydom Mr. Hassea Shivaan-Yudd Bashkar Mr. Japie Hechter Mr. Jan Wandrag Dr. Jayshan Keejoo Mr. Jean Roland Bechard Mr. Jerry Botha Mr. Jozef Tournel Mr. Kader Mungly Mrs. Karen Alexandre Mr. Krisley Appadoo Mrs. Leanne Juul Mrs. Leoni Field-Richards
Dr. Lesley Emanuel Mr. Louis van Niekerk Mr. Mark Cridlan Mr. Mark Elsbury Mr. Mark Korten Mr. Mark Olivier Mr. Mark Richards Mr. Mitchell Barrett Mr. Murray Adair Mr. Nitin Pandea Mrs. Noelene Ramdhany Mr. Norman Ross Mr. Peter Bacon Mr. Raffaele Granaudo Mr. Rajesh Unnuth Mr. Ramsay Patmore Mr. Richard Charrington Ms. Robyn Hyde Mr. Rooknudien Mahomed Mr. Ross Alexander Ms. Sameera Vayid Mr. Shameer Muhammad Mrs. Sharon Thompson Mr. Shaun Geils Mr. Stuart Beattie Mr. Tawanda Chiwewete Mr. Trent Miller Mr. Willem Engelbercht Mr. Yves Gerard Staheli
Annual Report 2018 Page 10 of 21
PRESIDENT’S REPORT
It seems incredible that the Chamber has already reached its 5th year of operation. We have grown, not only in membership, but in experience, exposure and recognition beyond what we first imagined in 2013. It’s been a great journey highlighted for me by meeting so many like-minded members. One of the downsides of living as an expat is the transient nature of friends on the island, however it seems of late that far more people are arriving than leaving. From a business perspective the Chamber hosted a number of events again over the course of the year but two stood out for me due to their popularity and unusual content. I would like to thank Afrasia Bank and Sanlam for their kind sponsorship of Anton Musgrave and Dr Adriana Marais respectively. Whilst these talks were not our usual fare, the feedback from members was incredibly positive. We will continue to deliver relevant and thought-provoking forums to members. If circumstances allow we will also seek to try and formalise the event calendar well in advance. Once again, my personal thanks go to our two employees, Catherine and Aurore, for their efficiency and commitment, but also to the executive team for their support and input. Most important however are the members, who continually provide encouragement and make steering the Chamber, deeply rewarding.
RICHARD ROBINSON President
Annual Report 2018 Page 11 of 21
EXECUTIVE COMMITTEE JUNE 2018
RICHARD ROBINSON PRESIDENT, FOUNDER MEMBER Managing Director AssetHouse Ltd
BILAL ADAM VICE-TREASURER CEO Investment Afrasia Bank Mauritius
CRAIG MCKENZIE FOUNDER MEMBER Chief Executive Officer Investec Bank Mauritius
KIM SETZKORN Director Geneva Management Group
TIMOTHY REDMAN VICE PRESIDENT General Manager Maradelta Property Holdings Ltd
JACINDA REDMAN SECRETARY South African Chamber of Commerce
PARVEEN MACTOOM Manager Sabre Indian Ocean Islands & Mozambique
SEARLE GOVENDER Consultant Investec Bank Mauritius
RUDOLF PRETORIUS TREASURER CEO Adansonia Mgmt Services
. JOHN MCILRATH FOUNDER MEMBER Managing Director AirTec Global Ltd.
PETER BACON Director Sun International / Woolworths
PATRICE TZE Director First Island Trust Co Ltd
Annual Report 2018 Page 12 of 21
CORPORATE GOVERNANCE
The Chamber was first registered as an Association on 6th March 2013 and conforms to the Registration of Associations Act 1978. The rights, powers, duties and obligations of the Chamber, the Executive Committee and the members are governed by the Constitution of the Chamber and the Act. A full version of the constitution is available on the Chamber website www.sachamber.mu under the section About Us. All members were issued with a Certificate of Membership according the Constitution rules. Since the Chamber holds personal contact details of its members and employee, it is registered with the Data Protection Office. In terms of the law, the Chamber is required to store and handle data securely using both physical and digital safeguards. From 1st July 2017, the Executive Committee comprised 11 members. Mr Mark Elsbury and Ms Hannelie Strydom tendered their resignations in September 2017 owing to work commitments. Mr. Searle Govender, Mrs. Parveen Mactoom and Mr. Patrice Tze were as executive board members. The Chamber therefore ended its financial year with 12 executive committee members. For the year under review, the Executive Committee considered its composition as adequately balanced and that the Committee members had the range of skills and expertise required to adequately fulfil their tasks and promote the interests of the Chamber. All Executive Committee members and post holders are eligible for re-election. An invitation to all members for written nominations for the Executive Committee has been distributed. The fourth Chamber AGM was held on the 26th September 2017, at Northfields International High School. The required number of members were present and a quorum was achieved. The Annual Report and Financial Report were proposed and adopted. Nominations to the Executive Committee were approved. The Executive Committee held 4 board meetings during the year under review, with the required minimum quorum.
BOARD MEETING DATES FOR YEAR 2017/2018
MEMBER INDUSTRY 20.09.17 05.12.17 09.03.18 26.06.18
Richard Robinson Financial Tim Redman Property Rudolf Pretorius Financial Jacinda Redman Marketing Peter Bacon Hospitality Parveen Mactoom Aviation John McIlrath Transportation Searle Govender Banking Craig Mckenzie Banking Bilal Adam Banking Kim Setzkorn Financial Patrice Tze Financial Catherine Fleurant Financial
Annual Report 2018 Page 13 of 21
MARKETING REPORT
Year 2017/2018 was a very positive year, filled of exiting and enriching events organized for the members. Accordingly, the Chamber hosted a total of 6 breakfast seminars and 2 networking evening functions. Additionally, we partnered in some key events, among which was the “Mauritius Arbitration Week” – a yearly international event organized by the Mauritius Chamber of Commerce and Industry (MCCI). Our social networks, launched a year ago, are now reaching our members on a weekly basis, with events and information being shared instantly. Although growing gradually, the opened channels shows an excellent ‘view’ rate. Videos of key events continue to be posted on our YouTube channel while being shared through all opened channels – twitter, Google+, Facebook & Pinterest. The website has been reviewed, and now includes an ‘Events’ calendar, where pictures/videos of events are shared. It has also been reviewed to be optimized on search engines, allowing for better online referencing. It is of no doubt that the online presence of the Chamber for the past year played an important role in the growing number of members applying for membership through our website. The partnership with our two business news platforms, namely Sundays Magazine and Platform Africa, have been very positive. While offering preferential rates for members wishing to advertise through their media, they are also present at all our events, offering media coverage online and on paper. The Chamber continues to provide a full-page article to each edition of Sundays Magazine, where various topics around the idea of “Living in Mauritius” are discussed. The Chamber’s membership is still growing steadily. With members originating from various industry sectors, the Chamber keeps on increasing its strength as a group. Our affiliations with the French Chamber of Commerce has taken a step forward, with events being planned together for the coming year and a mutual sharing of events organized to respective members. Similarly, we strengthened our bond with the MCCI, and will carry on partnering with them on events, while mutually sharing key events to members. As part of our agenda, and with the aim of continuing to provide added service to our members, we will be including new affiliate members for the coming year. We are currently in negotiation with Yu Lounge, a VIP concierge service handling luggage and immigration formalities upon departure/arrival for those travelling on commercial airlines or private jets. We will also review our current affiliate partners to incite them to give better discounts and share their promotions to our members. This year, we have put a lot of effort in reminding our members of the advantages of travelling through SAA, whereas members benefits from Tier 1 prices when travelling via SAA. Promotions were forwarded via email/social medias, and resulted in an amazing increase of 25% in the travel spend when compared to last year. We thank SAA for their continued participation as patrons of the SA Chamber. In conclusion, I would like to thank the committee for their trust in the work being done and I look forward to another rewarding and exciting year at the Chamber. CATHERINE FLEURANT Brand Manager
Annual Report 2018 Page 14 of 21
PATRON
SOUTH AFRICAN AIRWAYS
Leading airline on the African continent. Proud patron of the South African Chamber of Commerce in Mauritius
During 2017/2018, our patron South African Airways provided business class return tickets for 2 of our guest speakers. We also renewed the Tier Level 1 corporate rate contract with SAA, which allows all our members to benefit from the highest discounted rate available. With this development, the Chamber also appointed several more travel agents authorised to sell the Chamber corporate rate from SAA:
BENEFITS
All Chamber Corporate and Individual Members
Includes spouse and children
Valid for Business or Economy class travel
Valid for business or personal travel
Two bags of 23 kg each per person in economy class when travelling to Africa
Two bags of 32 kg each per person in business class when travelling to Africa
No penalty fees for changes in same booking class
No penalty fees for cancellations to bookings
PLUS: Complimentary lounge access at Mauritius Airport for Corporate Nominees & Individual Members when travelling Economy class!
Annual Report 2018 Page 15 of 21
AFFINITY PARTNERS
ENGEN PETROLEUM (MAURITIUS)
With its modern service stations, products and services, Engen has quickly grown to be one of the most recognised brands in Mauritius. Introducing new concepts such as Quickshop, Corner Bakery and 24-hour service, Engen offers Chamber members an exclusive deal with respect to its Fleet card.
HOLIDAY INN MAURITIUS AIRPORT
With its 435m² of conference rooms, the Holiday Inn Mauritius Airport is the perfect place for people on business in Mauritius. Holiday Inn Mauritius Airport offers Chamber members a 10% discount on Conferencing Packages and Meeting Rooms.
ANGSANA BALACLAVA MAURITIUS
Angsana Balaclava Mauritius, one of the island’s premier hotels, offers all Chamber individual members and corporate nominees a range of discounts and special offers for Meetings, Incentives, Conferences and Events as well as accommodation, spa treatments and restaurants.
GRAYS INC.
20/Vin offers all Chamber nominees a complementary Club card which entitles the holder to a 10% discount on purchases, personalised service and other exclusive member promotions. Grays is also a valued sponsor of Chamber social wine tasting events. 20/Vin outlets are specialist wine and spirits boutiques showcasing the varied products manufactured, imported and exported by Grays.
SAINT AUBIN GROUP
Saint Aubin Group, one of the oldest agro-industrial family-run businesses in Mauritius, offers all Chamber members a 10% discount at its three premium restaurant destinations: Le Saint Aubin, Riviere des Anguilles - Domaine des Aubineaux, Route Royal, Forest Side - Le Bois Cheri Restaurant, Société Usinière de Bois Chéri, Bois Chéri, and Grand Bois.
METROPOLITAN HEALTH
Metropolitan Health is an innovative medical insurance administrator in the Mauritian market which has developed a local network of major private clinics, opticians, dentists and pharmacies. Metropolitan offers members a 10% discount on monthly premiums for medical aid packages. Exclusive to the Chamber.
Annual Report 2018 Page 16 of 21
AFFINITY PARTNERS (continue...)
PLATFORM AFRICA – PRESS COVERAGE
Platform Africa is a high level forum for discussion on the role of Mauritius as a platform for Africa. It focuses on providing first hand news and views from those who are already doing business in Africa in the areas of finance, technology and energy, and covers wider themes such as sustainability, leadership and entrepreneurship.
EVOLUTION GROUP – PRESS COVERAGE
Evolution and the international hotel group Sun Resorts have created a partnership in 2011, which resulted in the creation of the elegant magazine Sunday - a free bilingual quarterly distributed to the hotels in Mauritius and to high-net-worth individuals and subscribers in Mauritius. Evolution also distributes Kozé, a free pocket magazine showcasing the best Mauritian happenings. They are also a leader in the Annual Report publishing/printing.
Annual Report 2018 Page 17 of 21
EVENTS
NETWORKING: NITZANA RESTAURANT
DATE: 17 August 2017
VENUE: Nitzana Restaurant
SPONSOR: Nitzana
BUDGET PRESENTATION 2017 – A HUNDRED DAYS IN
DATE: 31 August 2017
VENUE: Labourdonnais Waterfront Hotel
DETAILS: KPMG, PWC, FSPA and the South African Chamber of Commerce in Mauritius are proud to host an informative breakfast session, giving exclusive insights into the Government’s plan for revenues and expenses, for the coming financial year.
SPONSOR: Confident Asset Management
ARBITRATION IN MAURITIUS AND SOUTH AFRICAN FOREIGN DIRECT INVESTMENT
DATE: 17 November 2017
VENUE: Labourdonnais Waterfront Hotel
DETAILS: Peeroo Chambers and South African Airways, in collaboration with MARC (Mauritius Chamber of Commerce & Industry Arbitration and Mediation Center) and the South African Chamber of Commerce in Mauritius are proud to host an informative breakfast session, giving exclusive insights on arbitration in relation to South African Foreign Direct Investment and on Mauritius’ advantage of positioning itself as a preferred arbitration hub in the region.
SPONSOR: Peeroo Chambers
NETWORKING: 20/VIN SHOP
DATE: 30 January 2018
VENUE: 20/Vin Shop
SPONSOR: Grays
LIVING & WORKING IN MAURITIUS & THE MAURITIAN LEGAL SYSTEM
DATE: 14 July 2017
VENUE: Temple Court
DETAILS: Temple Group alongside the Board Of Investments (BOI) and the South African Chamber of Commerce in Mauritius proudly hosted an informative breakfast session, giving exclusive insight into the benefits, intricacies and legalities around living, working and investing in Mauritius.
SPONSOR: Temple Group
Annual Report 2018 Page 18 of 21
EVENTS (continue...)
THE ALLURE OF THE UNKNOWN
DATE: 12 June 2018
VENUE: Labourdonnais Waterfront Hotel
DETAILS: Dr Marais, one of the 100 Mars One Project astronaut candidates in the running to move to the red planet in the next 10 years, will share her passion for the allure of the unknown and her views on the expansion of our society beyond this planet.
SPONSOR: Sanlam Private Wealth
2029 MEGATRENDS FOR BUSINESS LEADERS
DATE: 7 March 2018
VENUE: Hennessy Park Hotel
DETAILS: Anton Musgrave, a futurist, business strategist and a well-respected businessman, talked about What risks and opportunities the next 10 years represents?
SPONSOR: Afrasia Bank & SA Chamber
BUDGET 2017 REVIEW, A HUNDRED DAYS IN
DATE: 31 August 2017
VENUE: Labourdonnais Waterfront Hotel
DETAILS: The Budget review was a successful event, which was made captivating through our panel of speakers. Anthony Leung from PricewaterhouseCoopers (PwC) gave valuable insights on the Metro Express Project, while Wasoudeo Balloo from KPMG spoke about the Finance Bill and the recent tax measures. Rajneesh Phokeer from FSPA expressed his views on the Financial Services Sector.
SPONSOR: Confident Asset Management
Annual Report 2018 Page 19 of 21
INFORMATION & MEDIA A total of 66 emails were sent to members via the Chamber’s Mailchimp account during the 2017 / 2018 financial year at a rate of about 1.4 per week. Average open rate is of 37.4%. Nevertheless, we would like to see this open rate grow and will maintain content that is both relevant and interesting. WEBSITE The Chamber website is increasing in pageviews, with a total of 2,342 visitors.
MEDIA COVERAGE
MEDIA DETAILS
Reed Expo Partnership Featured on official website. 3 mass-mailing to their database (3500+ persons) & various posts on their social media channels.
Sundays Magazine (Media Partner) Articles by Richard Robinson: A Glimpse into 2029
ION News Video on Adriana Marais
MBC Interview of Adriana Marais
Platform Africa (Media Partner) Article on Anton Musgrave Article on Adriana Marais Article on Arbitration: Peeroo Chambers Article on Budget Presentation 2017
Business Magazine Interview : Anton Musgrave Interview : Richard Robinson on bilateral trade between Mauritius and South Africa
Le Mauricien Interview : Anton Musgrave
L’Express Interview : Anton Musgrave Interview : Adriana Marais
0
500
1000
1500
Social Media: Reach
Annual Report 2018 Page 20 of 21
FINANCIAL REPORT
The South African Chamber of Commerce (Mauritius), or ‘the Chamber”, has June 30th as its official financial year-end date. The current reporting year-end is 12 months to June 30, 2018. As per the adopted Constitution, the Chamber is subject to a formal audit which was conducted by VBS Business Services Ltd. The Chamber received a clean audit opinion for the year ended June 30, 2018. The Chamber ended this year with a total membership of 180 (2017: 172) which consisted of 122 corporate and 58 Individual members. This resulted in membership fee revenues and other income of MUR 1,312,000 (2017: MUR 1,204,645). Total expenses of MUR 1,106,838 (2017: MUR 1,011,036) ended only marginally higher than 2017. Expenses remained in line with the agreed Budget with all deviations approved by the Board. The key expenses during the year were salary related costs of MUR 974,050 (2017: MUR 842,682) and costs of MUR 58,418 (2017: MUR 30,750) associated with Event costs. The reasons for the higher Events costs compared to last year are due to the sponsorship of the event on Megatrends presented by Anton Musgrave. With total expenses of MUR 1,106,838 and revenues of MUR 1,312,000 the Chamber ended the year with a surplus of MUR 205,162 (2017: MUR 193,609) compared to the budget of MUR 324,690. The Chamber’s financial position ended positively with cash of MUR 731,151 compared to MUR 565,582 last year. The Chamber ended the year with Debtors of MUR 64,000 which relates to outstanding membership fees. The FY2019 budget has a conservative growth target of 12 new members, which will result in revenues of approximately MUR 1,402,000 (an approx. 6.85% increase on membership fees only). With expenses budgeted at MUR 1,222,414 and no capital items, we estimate that the Chamber will end the 2019 year in a healthy financial position. The Executive Committee is working on a number of strategies to deploy some of the excess cash in promoting the stated aims of the Chamber. RUDOLF PRETORIUS Treasurer
Annual Report 2018 Page 21 of 21
The South African Chamber of Commerce in Mauritius Association Registration Number 13259
Suite 208 La Croisette, Royal Road, Grand Bay Tel: + (230) 269 4400 | Fax: + (230) 269 6400 [email protected] | www.sachamber.mu
