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Tongaat-Hulett

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 a US$ 1.1 billion in assets.

In an initial investment of $10m, IFA Hotels & Resorts acquired a 50% equity stake alongside Tongaat-Hulett in the renowned Zimbali Coastal Resort in the KwaZulu-Natal region, north of Durban, South Africa. IFA HI oversees this investment.

www.tongaat.co.za