The Fading Developmental State: Growing inequality in Mauritius

The small multi-ethnic island state of Mauritius has made great strides and embraced the notion of equal opportunity for all, although this has not always been translated in practice. This article
argues that, while the first wave of structural transformation contributed to economic growth and employment opportunities for citizens, development has not been equitable, especially with respect to Mauritians of African origin. The quest for a second wave of sustainable transformation may not be easy and the country needs to rethink its model of development and ensure that the latter is infused with ethical and human centred governance.




Spotlight on Southern Africa Private Equity

Between 2007 – 14, there were 341 reported PE deals in Southern Africa totaling US$6.7bn. South Africa has the most mature and sophisticated market for PE in the region (and on the continent), accounting for 76% of the deal volume and 92% of the deal value in Southern Africa from 2007 – 2014. Annual deal volumes in the region have been trending downwards slightly since 2012, in part due to slower growth in South Africa and lower prices for commodities affecting the region. Overall, Southern Africa’s share of deal activity in Africa declined from 37% in 2007 – 2010 to 31% in 2011 – 2014. There were 127 PE exits in Southern Africa from 2007 – 2014. Sales to trade buyers – many to South African companies looking to expand their footprint within South Africa and across the region – accounted for a large proportion of exits