Sharona Rambocus, Vice President of CFA Society Mauritius, spoke to AfricaMoney on how Mauritius’ credibility as an international financial centre of choice took a hit in the latest financial scandal. However, she pointed out that, subsequently, local investor confidence in the stock market has rebounded upon favourable corporate results of certain major market players. She also stressed that PwC conservators needs to be transparent in their communication about the financial services major implicated in the financial scandal, the BAI Group, as well as its related entities, as people are speculating on rumours which might be completely baseless and downright detrimental to the health of the financial market.
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