Why Mauritians are now richer than South Africans

Mauritius has a much higher GDP per capita than South Africa, highlighting the benefits of favourable business policies and low taxes.

Mauritius’ gross domestic product per capita is much higher than South Africa’s, which shows the value of business-friendly policies and low taxes.

The main reason is that Mauritius’ business-friendly policies, stable political environment, and low tax rates make it attractive for businesses to set up shop on the island. The business-friendly environment results from the Mauritian government’s drive to grow the services sector of the economy. The development plans worked exceptionally well. Mauritius’ economic growth rate far outpaced its peers in Southern Africa.

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BusinessTechSA /  🏆 24. in ZA

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