AGP Executive Report
Last update: 8 hours agoHospitality & Investment: Banyan Group is buying a majority stake in South Africa’s Newmark Hotels & Reserves in a phased deal, adding 26 hotels, lodges and reserves across seven countries including Mauritius, and keeping Newmark’s local teams and brand while folding it into Banyan’s collection platform. Travel Rules Impact: Thailand has tightened visa-free access under a new three-tier system from 15 Sept 2026, cutting South Africans from 60 to 30 days and downgrading Mauritius to 15 days, while Morocco loses visa-free entry entirely. Mauritius in Markets: Mauritius-based Soach Global Strategic Holdings is selling 16.5 lakh NSE shares in India’s NSE IPO offer for sale, turning a 2016 investment into a major liquidity event (reported near 25x on cost). Air Connectivity: Ethiopian Airlines will launch daily direct flights between Durban and Addis Ababa from 11 Dec 2026, backed by local efforts to expand international links for tourism, freight and investment. Trade Support: ITC and DHL renewed a partnership to help SMEs trade across borders, including exports and logistics support via SheTrades hubs. Gold Market Access: STARPRIME (Mauritius) is expanding gold trading with AM/PM Fixing and XAU24/7 ahead of Forex Expo Dubai 2026. Local Policy & Business Environment: South Africa’s auto sector faces “delocalisation” pressures as policy lags market shifts, with imports dominating new-vehicle sales and local content still far below targets.
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