| History of Mauritius |
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| Portuguese |
| Dutch |
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| French (1710–1810) |
| British (1810–1968) |
| Independence (1968) |
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Illovo Deal refers to the 2001 sale of large areas of agricultural land in Mauritius, with involvement of the State. [1]
| History of Mauritius |
|---|
| |
| Portuguese |
| Dutch |
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| French (1710–1810) |
| British (1810–1968) |
| Independence (1968) |
|
| Specific themes |
Illovo Deal refers to the 2001 sale of large areas of agricultural land in Mauritius, with involvement of the State. [1]
The origins of the Illovo Deal date back to 1998 when multi-national corporation Lonrho sold its sugar estates and its 3 sugar factories in Mauritius to Illovo, the South African sugar conglomerate. A few years later in 2001 the Illovo group sold off these assets through the Illovo deal to private companies and para-statal bodies. [2] [3] [4] [5]
The Illovo Deal was conceived and implemented soon after the MMM-MSM coalition (headed by Anerood Jugnauth and Paul Bérenger) came to power in September 2000. Then Finance Minister Pravind Jugnauth explained that the Illovo Deal would provide enough finance for the construction of the Cyber City in Ebène, renovation of the old Plaisance Airport and of the ageing University of Mauritius, as well as construction of the new Bagatelle Dam and a new stadium. Pravind Jugnauth also explained that by 2004 the Illovo Deal had enabled 43 000 small planters and employees of the ailing sugar industry to buy 7,000 arpents at Rs 125 000 per arpent via the Sugar Investment Trust (SIT). These small planters also own 24.5% of Mon-Trésor-Mon-Désert (MTMD). Furthermore, the SIT and the National Pension Fund (NPF) benefit as shareholders of MTMD. [6]
Various criticism has been raised about the true beneficiaries of the 2001 Illovo Deal. Some believe that the small planters and tax payers have not received a fair share of the windfall resulting from the sale of the agricultural land, especially after the original deal was modified at the last minute by members of the ruling MSM-MMM government. [7]
The known and sometimes formally documented history of Mauritius begins with its possible discovery by Austronesians under the Austronesian expansion from pre-Han Taiwan, circa 1500 to 1000 BC, and then by Arabs,, followed by Portuguese and its appearance on European maps in the early 16th century. Mauritius was successively colonized by the Netherlands, France and Great Britain, and became independent on 12 March 1968.
Sir Anerood Jugnauth, GCSK, PV, was a Mauritian statesman, politician and barrister who served both as President and Prime Minister of Mauritius. He was Member of Parliament for Piton & Riviere Du Rempart. A central figure of Mauritian politics in the 1980s and 1990s, he was Leader of the Opposition from 1976 to 1982. He served four consecutive terms as prime minister from 1982 to 1995 and again from 2000 to 2003. He was then elected as President, serving as such from 2003 to 2012. Following his party's victory in the 2014 general elections, he served his sixth and final term as prime minister, becoming the nation's longest serving prime minister with more than 18 years of tenure overtaking Seewoosagur Ramgoolam, who held the office for 14 years.
Paul Raymond Bérenger is a Mauritian politician who was Prime Minister of Mauritius from 2003 to 2005. He has been Leader of the Opposition on several occasions – from 1983 to 1987, 1997 to 2000, 2005 to 2006, 2007 to 2013, October 2013 to 15 September 2014, and again from December 2014 to December 2016 when he was replaced by Xavier-Luc Duval. Following his party's defeat in the 2014 general elections, he became Leader of the Opposition for the sixth time, making him the longest ever to serve in this constitutional position. He was also Deputy Prime Minister from 1995 to 1997 and again from 2000 to 2003, and he was a cabinet minister in the government of Anerood Jugnauth in 1982 and 1991. Bérenger, a Christian of Franco-Mauritian descent, has been the only non-Hindu Prime Minister of Mauritius, or, more particularly, the only Prime Minister who has not belonged to the Jugnauth or Ramgoolam families.
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