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Tongaat-Hulett Developments (previously Moreland Developments) is the property development company of the Tongaat-Hulett Group and is recognised as one of the leading land development companies in South Africa. The Tongaat-Hulett Group is listed on the Johannesburg and London Stock Exchanges and has US$1.1billion in assets.
In an initial investment of US$10million, IFA Hotels & Resorts
acquired a 50% equity stake in the renowned Zimbali Coastal Resort in
the KwaZulu-Natal region, north of Durban, South Africa. IFA HR is
continuing to further develop the area with the Zimbali Lakes Resort and Zimbali Office Estate projects alongside Tongaat-Hulett.
www.tongaat.co.za |
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