Prinesha Naidoo

New York, South Africa

Knight-Bagehot Fellow in Economics and Business Journalism at Columbia University | On leave from @business @BloombergAfrica | Opinions = own

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Articles

Mauritius Plans Temporary Tax Hikes to Stabilize Public Finances

1 day ago | bloomberg.com | Kamlesh Bhuckory |Prinesha Naidoo

Residential buildings in Port Louis, Mauritius. (Bloomberg) -- Mauritius will temporarily raise taxes on individuals and corporations and cut spending on some social programs to shore up revenue and stabilize public finances. The island nation known for having one of the most competitive tax jurisdictions in the world will introduce a so-called fair-share contribution on high-income earners and impose additional levies on profitable sectors for three years through June 2028.
South Africa Carjacking Retrieval Firm Karooooo’s Growth Mints New Billionaire

2 weeks ago | bloomberg.com | Prinesha Naidoo

Zak Calisto’s firm started out helping carjack victims recover their vehicles in South Africa two decades ago. It’s since expanded to an international track-and-trace giant with a New York listing — and made him Africa’s newest billionaire. The Portugal-born founder of telematics firm Karooooo Ltd, which started out as Cartrack, owns about two-thirds of the company which has since expanded to services including AI-powered driver monitoring and fleet-management.
African Tycoon Elumelu Says Nigeria’s Currency Becoming Stable

2 weeks ago | bloomberg.com | Prinesha Naidoo |Emele Onu |Jennifer Zabasajja

Tony Elumelu(Bloomberg) -- Nigeria’s currency has been stable in recent months, allowing investors to better plan for activities in Africa’s most populous nation, according to tycoon Tony Elumelu. The naira has hovered between 1,588 and 1,611 per dollar this month, after facing recurrent volatility from 2023 because of devaluations intended to lure inflows and end dollar shortages in Nigeria.
Како Маврициус ги привлекува богаташите?

2 weeks ago | mk.bloombergadria.com | Prinesha Naidoo |Kamlesh Bhuckory

Сподели ја веста WhatsApp Viber Link copied Copy link Свет 20 мај 2025, 12:08 Маврициус се појавува како еден од најбрзорастечките пазари на богатство во светот, со прогноза за двојно зголемување на неговата милионерска популација до 2033 година. Сега островската нација работи на искористување на бумот и отстранување на својата репутација како даночен рај.
Mauritius Wants to Ride a Wealth Boom Out of Its Tax Haven Reputation

2 weeks ago | bloomberg.com | Prinesha Naidoo |Kamlesh Bhuckory

A beach at a resort in Le Morne Peninsula. (Bloomberg) -- Mauritius is emerging as one of the world’s fastest-growing wealth markets, with its millionaire population projected to double by 2033. Now, the island nation is working to harness the boom — and shed its reputation as a tax haven. The new government, in office since November, is courting family offices, wealth managers and fintech firms as it looks to diversify the $14.6 billion economy beyond tourism and real estate.
South Africa’s Public Works Halts Some Projects to Enforce Payment

1 month ago | bloomberg.com | Antony Sguazzin |Prinesha Naidoo

Construction workers in South Africa. (Bloomberg) -- South Africa’s infrastructure department is halting some projects in one of its most financially troubled provinces to enforce payment by other government agencies. The Department of Public Works in KwaZulu-Natal, the second—most populous province, said it has stopped projects for the region’s education department. The step is a first for the department as it aims to ensure its financial viability, said Vish Govender, its acting head.
Backyard Micro-Flats Aim to Ease South Africa’s Housing Crisis

1 month ago | bloomberg.com | Prinesha Naidoo

Nonkosi Klaas shows off the new door to her home that she bought with some of rental income earned from apartments built in her backyard in Langa, Cape Town. (Bloomberg) -- Though once reliant on a modest state pension, 70-year-old Nonkosi Klaas now earns more than South Africa’s national median income by leasing six backyard apartments on her property.
South Africa to Court Middle East Investors for Infrastructure Push

1 month ago | bloomberg.com | Prinesha Naidoo |Antony Sguazzin

South Africa needs about 1.6 trillion rand in public sector investment and an additional 3.2 trillion rand from the private sector to meet its infrastructure targets by 2030. (Bloomberg) -- South Africa plans to open its first overseas office for its infrastructure development agency in the Middle East, aiming to tap into the region’s deep-pocketed investors to fund energy, water and logistics projects.
South Africa to Court Middle East Investors for Infrastructure Push

1 month ago | financialpost.com | Prinesha Naidoo |Antony Sguazzin

Article content(Bloomberg) — South Africa plans to open its first overseas office for its infrastructure development agency in the Middle East, aiming to tap into the region’s deep-pocketed investors to fund energy, water and logistics projects. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
Ramaphosa calls for trade rules to be recalibrated as tariff crises hit global ecenomy.

1 month ago | fullview.co.za | Prinesha Naidoo

By Lehlohonolo Lehana. President Cyril Ramaphosa has called for a recalibration of trade rules that ensured policy space for the industrialisation of developing countries. Ramaphosa spoke at the 30th anniversary of the establishment of the World Trade Organisation (WTO), which was held virtually on Thursday. This comes as US President Donald Trump imposed tariffs against several countries, including South Africa, China and Europe. Trump has since halted this discussion for 90 days except for China.