|
The Sugar Investment Trust
(SIT) is a body corporate established
under an Act of Parliament in 1994 which
operates as a company under the Companies
Act 2001. It is the largest shareholder
based public company in Mauritius with
more than 40,000 members. Shareholders
within the SIT Group of companies exceed
55,000.
The creation of SIT constitutes a landmark in
the Mauritian history. Set up initially as a participation
scheme in the sugar industry, it has become a model of economic
democratisation in the country. It provides a forum for participation
of planters and workers at corporate decision making level
of sugar milling companies as well as equity participation
and therefore a share of profit which ensures a fair rate
of return on investment to all shareholders.
|
