Promoters

Promoters

ENL Group
The ENL Group is one of the largest conglomerates in Mauritius. Interests include controlling stakes in Mon Desert Alma Ltd, Savannah Sugar Estates Ltd, and significant shareholdings in MTMD and Compagnie Sucriere de Bel Ombre together with 50% of Rogers Consolidated Shareholding Ltd which in turn holds 54% of Rogers Limited. ENL is also a major shareholder of the Food & Allied Group, has a significant stake in New  Mauritius Hotels Ltd and also owns and manages a number of commercial operations including Axess Ltd, Grewals Ltd, FedEx and Plastinax.

ENL has experience in property development and management through its subsidiary company Espral Ltd. The Group is the promoter of the Valriche IRS development in Bel Ombre.

Investec
Frontier expertise is rooted in our history. Started as a small leasing company in South Africa in 1974 and using the distinctively marked, independently minded zebra as an emblem, Investec (comprising Investec PLC and Investec Limited) was founded in Johannesburg, South Africa, during a time of major transition. Investec acquired a banking licence in 1980 and was listed on the Johannesburg Stock Exchange (JSE), South Africa, in 1986. In July 2002, Investec became the first South African group to list in London and Johannesburg by implementing the Dual Listed Companies (DLC) structure. The London listing benefits the group by increasing its global profile, enhancing its capital raising ability and improving access to international markets.

Today we are an international specialist banking group, employing 6,196 people world-wide, which provides a diverse range of financial products and services to a niche client base in three principal markets: the United Kingdom, South Africa and Australia, as well as many other geographies including Mauritius.

An essential pillar of Investec’s operating philosophy is that it does not seek to be all things to all people. The group’s core philosophy has been to build well-defined, value-added businesses focused on serving the needs of select market niches where the group can complete effectively. The group has concentrated on building business depth as opposed to breadth, enhancing and expanding its position in its principal businesses, namely:
  • Investment Banking
  • Capital Markets
  • Private Client Activities
  • Asset Management
  • Property Activities


The areas are effectively managed as autonomous global business segments, enabling them to remain focused on trends and dynamics within their particular industries. Notwithstanding, as a result of the interrelated nature of their target markets and activities, a strong interaction takes place between each business to ensure clients benefit as a whole from dealing with the broader Investec group. Supplementing the group’s services is a common thrust consisting of the group’s culture, mission and philosophies. This helps the business segments across the jurisdictions to operate as an integrated network.

Investec Bank (Mauritius) Limited, a wholly-owned subsidiary of Investec Group, was established in 1997. Initially the Bank focused on concluding structured finance transaction, primarily for its South African client base. It has since expanded its banking business to cover a wider range of products, including property finance into most of the geographical regions where the Group has a footprint.

The Bank employs 73 local and expatriate staff on the island and had a balance sheet of USD 916.1 million as at the end of March 2007.

The services offered by the Bank include:

  • Property Finance – exclusive residential and commercial property finance, focusing on the South African and UK markets as well as Integrated Resort Schemes in Mauritius.
  • Structured Finance – customised debt and equity products to meet the investment needs of corporate and private clients.
  • Corporate Lending – medium to long-term finance
  • Forex – transacting in all major foreign currencies. A wide network of correspondent banks and SWIFT capability ensures a rapid and efficient service for transfer of funds
  • Derivatives – all mainstream derivatives in the interest rate foreign exchange and commodity markets
  • Deposit taking – deposits from corporate clients and private individuals in major foreign currencies e.g USD, GBP, EURO and ZAR. The Bank offers attractive rates and the flexibility of a multi-currency account.
  • Advisory Services – covering structured finance, project finance and debt origination
  • Trustee & Fiduciary Services – through Investec Trust we can access the skills necessary to enable the custodians of capital to find the best possible methods of structuring, managing and protecting assets.
  • Asset Management – facilitate clients wishing to invest in Investec Asset Management products in the Channel Islands and the UK
  • Securities Trading – facilitate clients wishing to trade securities listed on the Johannesburg and London stock exchanges.


Investec is highly supportive of Mauritius’ endeavours to position itself as a financial service centre in the SADC region and to encourage the development of these activities according to the highest international ethical and regulatory standards.