On Friday June 7, 2024, following the presentation of the Budget 2024-25, members of Business Mauritius gave their first impressions of the measures announced in the Minister of Finance’s budget. They expressed their satisfaction with the measures unveiled, as well as the shortcomings noted at first glance. According to them, the increase of the minimum wage to Rs 20,000 to be put into practice and how it will affect companies’ operating expenses.
A number of actions have been done to assist the export industry. Charles Harel, President of the MCCI, made this observation on Friday night during the Business Mauritius news conference. He said that the business sector will benefit from this. Charles Harel reiterated his explanation that the measures that have been announced regarding the digitization are welcome.
It was good to see the quota for hiring foreign labour in the manufacturing, BPO, and ICT sectors eliminated. It is desirable, therefore, that this policy be extended to other industries.The Chamber of Agriculture’s general secretary, Jacqueline Sauzier, also voiced her opinions over the hiring of foreign labourers in the industry. She expressed her approval of the proposal pertaining to the Agricultural Workers Regulations modifications that were announced.
At first glance, we are satisfied that the budget includes the national priorities that we have discussed. Here, I consider human capital, climate change, and sustainable development. The announcement of a Climate and Sustainability Fund is crucial for both businesses and society as a whole. A public-private committee will oversee the funds, and governance is of utmost importance. Despite a cost to an organization’s profits, if it is managed well, the money invested will be well spent, the speaker stated.
