The Seychelles Credit Union (SCU) has made available R5.5 million in dividend representing pay out of 5.5% per member for the year 2022.
The payment to start today, .
01.01 : Deux filles voient le jour en ce premier jour de l’année 2020. Le premier bébé est née à 9h06 du matin alors que le deuxième est née à 10h23 par césarienne.
02.01: Centenarian Noemie Benoit celebrates her 104th birthday among her family and friends at her residence in Cascade.
08.01: Marie Antoinette Barrack, a resident of Cascade, celebrates her 101st birthday in a small gathering among her family members.
15.01. Air Seychelles revises its fuel surcharge for travel between Mahé and Praslin. Tickets bought in advance for travel between Mahé and Praslin now cost R600, an increase of R50.
2020 Business Review |31 December 2020
The Development Bank of Seychelles (DBS) was the target of a ransomware attack on Monday September 7
Government relief measures in support of Covid-hit businesses
Government, under President Danny Faure’s administration, introduced the Financial Assistance for Job Retention (FA4JR) financial scheme in April to support businesses to maintain their workforce during the economic recession caused by the Covid-19 pandemic.
Since introduction, the highest number of applications was received in May when the scheme was still applied to non-Seychellois employees. In July, the scheme was revised to only apply to Seychellois employees and self-employed individuals.
The scheme in 2020 cost government R1.2 billion, an amount which cannot be sustained throughout 2021, newly appointed Minister for Finance, Economic Planning and Trade Naadir Hassan says.
Governor Abel (Photo: Anel Robert)
Despite demand consistently outweighing supply of foreign exchange to the domestic market, the Central Bank of Seychelles has over the past couple of weeks recorded a slight improvement in both, resulting in some stability in the foreign exchange market.
Governor of Central Bank of Seychelles (CBS) Caroline Abel, during the press update held at ICCS yesterday, noted that demand is still slightly higher than supply, although CBS continues to monitor the situation on a daily basis.
“Over the last two weeks, we have observed some stability in the exchange rate and some convergence of demand and supply, but what remains as a concern for the Central Bank in light of an elevated exchange rate, it is having a significant consequence for increasing prices, and therefore affecting the objective of price stability of the CBS. We would like to call on all economic agents that we really need to relook at our consumption, which will affect the whole country