COVID-19 : Prepare, Respond, and Emerge

COVID-19 presents challenges to people and organisations around the globe, including Mauritius. How to deal with the “new normal.”

At a cross-road between safety and business continuity.

COVID-19 has been declared a pandemic by the World Health Organization. As the global response continues to evolve, companies across all industries are facing several potentially significant challenges to which they need to respond rapidly.

As the international response continues, how can you prepare your organisation and respond? Tapping into the expertise and guidance of the wider PwC network, we've collated some useful information in support of your efforts to navigate these testing times.





Recently released by the Government, the COVID-19 and Quarantine bills are set to bring changes to several Acts. Download our summary of the measures and our views on them

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PwC Mauritius

Six key areas of focus for organisations

Crisis management and response

Existing business continuity plans may not be capable of handling the fast-moving and unknown variables of an outbreak like COVID-19. 

What you can do now: 

  • Develop incident management and scenario plans that are specific to this crisis

  • Focus on factually and effectively communicating to stakeholders

  • Plan on how to meet government priorities in individual countries and minimise the risk of business disruptions

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Workforce

Beyond human welfare, there are other people challenges to tackle, including how to support remote working at scale.

What you can do now: 

  • Attend to immediate global mobility concerns, such as reviewing travel rules, HR policies, first-aid plans

  • Assess remote working strategy, including asking employees to temporarily stop work or work remotely or relocate

  • Address strains on a firm’s existing information technology and communications infrastructure in order to support remote working during the crisis

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Operations and supply chain

The ripple effects of the COVID-19 pandemic are difficult to model and assess, but global businesses can begin to mitigate supply chain distributions. 

What you can do now: 

  • Identify alternative supply chain scenarios — especially as new cases of the virus emerge in different territories

  • Activate pre-approved parts or raw-material substitutions

  • Adapt allocations to customers and pricing strategies

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Finance and liquidity

Financial markets often watch how companies plan for and respond to events like the COVID-19 pandemic.

What you can do now: 

  • Consider disclosures related to direct effects on the results of operations, as well as second- and third-order effects

  • Think about disclosures related to risks and uncertainties about the impact of COVID-19 on future periods

  • Assess disclosures on the current and future impact on liquidity and capital resources

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Tax, trade and regulatory

Navigating complexity and risk in today’s global uncertainty takes more than an understanding of tax and regulatory systems.

It is critical that tax functions consider the broader economic, political and societal context you operate in, in order to make informed and compliant decisions that drive your operations forward.

What you can do now: 

  • Effectively manage cash taxes, obtain available refunds and consider local government and tax authority measures in response to COVID-19

  • Consider actions to stabilise supply chains while bracing for an unpredictable revenue and profitability mix in key markets

  • Assess the resources your company needs to meet your ongoing indirect and direct tax compliance requirements

  • Explore opportunities focused on becoming more flexible in responding to arising uncertainties

Navigate Tax, Legal and Economic Measures in response to COVID-19

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Strategy and brand

As companies move from reacting to mitigating the impact of the outbreak, strategies to emerge stronger may come in focus.

What you can do now: 

  • Consider accelerating digital transformations as the shift to remote working reveals gaps in IT infrastructure, workforce planning and digital upskilling

  • Protect growth and profitability through actions such as scenario planning, more frequent financial modeling exercises to improve resiliency, and new models that incorporate economic impacts of past pandemics

  • Take the pulse of your customers, thinking through longer-term considerations around shifts in core markets or business models as a result of the pandemic

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PwC’s COVID-19 Navigator

Assess the potential impact to your business and gauge your readiness to respond

PwC’s team of specialists collaborated to create a digital assessment to help you understand the potential impact to your business and gauge your readiness to respond.

How it works

The digital tool contains 3 sections of questions that will help you understand where your company stands as you respond to COVID-19 in the areas of: crisis management and response; workforce; operations and supply chain; finance and liquidity; tax and trade; and strategy and brand.

Start using the tool

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Contact us

Anthony Leung Shing

Anthony Leung Shing

Country Senior Partner, Tax Leader, PwC Mauritius

Tel: +230 404 5071

Robert Coutet

Robert Coutet

Assurance Leader, PwC Mauritius

Tel: +230 404 5138

Jean-Pierre Young

Jean-Pierre Young

Advisory Leader, PwC Mauritius

Tel: +230 404 5028

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