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                         ZIMBALI COASTAL RESORT:

[29 November 2007, Durban] The spectacular Zimbali Coastal Resort has
undeniably cemented its position amongst the finest in the world with having
been awarded the highest possible accolade in the international property
arena.   At the culminating event of the highly competitive International
Property Awards held in Las Vegas earlier in the month, Zimbali Coastal Resort
was bestowed with the Best International Property Marketing Award – this out
of a field of 56 countries and 18 eventual categories.         To add to this
outstanding international achievement – Zimbali was the only South African
company to receive an award at this level.

The announcement of the follows hot on the heels of the illustrious recognition
of four International Property Awards in September 2007 and solidifies
Zimbali‟s global standing in the final round of this internationally recognised,
intensive competition.

Zimbali Coastal Resort boasts a multi media approach to marketing, utilising
the traditional avenues of print and broadcast, together with the more
innovative approach of e-media. Central to the Zimbali marketing ethos is
relationship building with both media and public, backed by the creation of
strong PR angles to reinforce the exceptional destination resort offering and
investment opportunity. A pivotal aspect of Zimbali marketing is the
interactive website, which is employed in an educational and informative
manner. A unique aspect of the website is the image library, which is used by
media worldwide to source high quality images of the estate, its facilities and
its pristine environs. The rewards of Zimbali‟s marketing efforts are evident in
the trend shattering sales figures boasted by the resort, with R440 million in
sales in 2006, an estimated figure of R550 million in resale‟s for 2007 being
calculated and escalation figures topping 500% growth over the past five

The resort was nominated for these prestigious awards in two categories, “Best
International Property Marketing” (one of six nominations) and “Best
International Developer Website” (one of five nominations).         Zimbali was
selected as one of five nominations for the „World‟s Best‟ following the resort‟s
scooping of four accolades at the International Property Awards held in
London in September 2007.

As recently promoted IFA Sales & Marketing Vice President for Africa and the
Indian Ocean, Mr Andreas Wassenaar says “Zimbali has surpassed the
standard that it had set for Southern African developments and to be
acknowledged as the global best is an indication of the recognition that the
Zimbali Coastal Resort has garnered in the international property industry. The
CNBC‟s are the pinnacles of property development in the world and Zimbali
has once again demonstrated its overwhelming international appeal.” Widely
regarded as a sales and marketing phenomenon within the industry, Andreas
has been instrumental in delivering Zimbali to the international market as a
niche destination offering and this award reinforces his and his team‟s
exceptional efforts.

Now in its thirteenth year, The CNBC International Property Awards celebrate
global accomplishment and are aligned to the European and Arabian
International Property Awards. Regarded as the „Oscars‟ of the industry, they
provide recognition of the highest and most aspirational levels of international
achievement in property related fields and encompass estate agents,
property developers, architects, interior designs and other related property
trades on the global stage.

The awards identify the exceptional in the residential property market
internationally and are supported by the New York Times, The Daily Mail and
the Sydney Herald. The judges were drawn from a variety of property related
industries and included representatives from organisations such as the
National Association of Estate Agents, the Royal Institute of Chartered
Surveyors, the National Housebuilding Council and the British Interior Design
Association. The judging was presided over by the British Shadow Secretary of
State, MP Eric Pickles and the evening‟s co-hosts Christopher Hall and Janet
Branton triumphantly announced the panel‟s choice of the world‟s best
residential property offerings.

Mr Alan Bell, IFA Vice President in London, was on hand to receive the award
and commented, “Zimbali Coastal Resort has always been the frontrunner in
the destination resort industry in Southern Africa and is a flagship
development for IFA. These awards have strengthened our belief in this
exceptional world class offering and the appeal it holds for investors and
holiday makers alike.”

The awards were presented at a lavish Gala Dinner, which took place last
weekend at the famous Bellagio Hotel in Las Vegas, USA.              The honours
received by the Zimbali Coastal Resort amply demonstrate the international
reputation the resort has gained in the last five years and provide an
indication of the exceptional standard of living that the resort offers.

Words: 607

For further information and editorial, contact: Louise Hunt of Hunt PR on (031)
566 1777 or 083 708 6078/ email

For further information on Zimbali Coastal Resort visit or
contact the Zimbali Sales Centre:
Telephone:   +27 32 538 1984
Fax:         +27 32 538 1986
Mobile:      +27 83 409 2666/7

Words: 711



The Tongaat-Hulett Group is a major SA company which is listed on the
Johannesburg and London Stock Exchanges and has a US dollar 1,1 billion in
assets including 25 000 hectares (250 million m2) and more than 20 000
employees across Southern Africa, and is the largest listed company with its
headquarters in KZN.

The Tongaat-Hulett Group has completed a corporate restructuring and is to
be known as Tongaat Hulett as it moves forward. Tongaat Hulett is positioned
as an agri-processing business which includes the integrated components of
land management, property development and agriculture. Hulamin (Hulett
Aluminium) is being listed on the JSE and unbundled from The Tongaat-Hulett
Group. Two focussed, separately listed entities are thus being created. The
corporate transactions include the simultaneous introduction of broad based
BEE equity participation in both Hulamin and Tongaat Hulett.

The broad based BEE transactions involve the collective 25% equity
participation in Tongaat Hulett by:

      Ayavuna Women‟s Investments, as an anchor partner, combining with
       the Mphakathi Trust, which benefits the communities surrounding the
       Tongaat Hulett property developments;
      Sangena Investments, as an anchor partner, combining with the
       Masithuthukisane Trust, which benefits the small scale cane grower
       communities surrounding Tongaat Hulett‟s four South African sugar
       mills; and

      All South African senior black management and all South African
       employees up to middle management.


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

Tongaat Hulett Developments‟ projects are benchmarked to leading
international standards, span the entire property spectrum and are located
along the eastern seaboard of the Province of KwaZulu-Natal in South Africa,
primarily in the north Durban region. Since 1992, the company has developed
more that 1000 ha (10 000 000 m2) of land resulting in investment
infrastructure, the environment buildings, equipment and finishes in the order
of R10 bn (US$1,5 bn), focused on providing a top quality, premier lifestyle

In an initial investment of $10m, the IFA group acquired a 50% equity stake in
Moreland‟s renowned Zimbali Coastal Resort in the KwaZulu-Natal region,
north of Durban, South Africa.

This is now held by IFA SA. IFA SA is responsible for the Sales and Marketing for
the Zimbali Coastal Resort and Moreland Development is responsible for the
technical and development functions.;


IFA Hotels & Resorts Limited (IFA SA) listed on the JSE (the Johannesburg Stock
Exchange) in February 2006. It owns the exclusive Zimbali Lodge on Kwa-Zulu
Natal‟s north coast, rated by Condé Naste as one of the world‟s top hotels,
and a 50% stake in the multi-million rand Zimbali Coastal Resort development.
The Zimbali Coastal Resort is jointly developed by IFA SA with Tongaat-Hulett‟s
Moreland Developments, and offers hotels, luxury residences, golf courses
and leisure facilities. IFA Hotels and Resorts K.S.C.C (IFA Kuwait), a subsidiary
of Kuwaiti-based International Financial Advisors (IFA), is the majority
stakeholder in IFA SA with an 85% interest. Listed on the Kuwait Stock
Exchange, IFA Kuwait has a market capitalisation of over US$1 billion.

IFA Hotels & Resorts (IFA HR), whose main shareholder is also IFA, is a leader in
the development of premier integrated and mixed-use hotel and tourism
resort projects throughout Europe, the Middle East, the Indian Ocean region
and Africa. It is listed on the Kuwait Stock Exchange, with a market
capitalization of US$ 2 billion.

IFA HR projects and investments in Dubai include The Fairmont Palm Hotel &
Resort, the Fairmont Palm Residence (, the
Crescent Resort on the Palm Island (to be managed by Fairmont Hotels &
Resort), The Palm Residence (Al Nabat and Al Haseer), the Palm Golden Mile
( and the Movenpick Hotel & Residence
Laguna Tower Dubai ( IFA HR‟s other projects are
the Kempinski Alabadiyah Hills in Beirut (, a
shareholder in the Four Seasons Hotel in Beirut, the Zanzibar Beach Hotel &
Resort (, the Zimbali Coastal Resort & Zimbali
Lakes           (    and           the    Zimbali    Lodge
( through IFA SA), the Fairmont Zimbali
(, shareholder in 5 Lonrho Hotels in Kenya
( and in YOTEL (, which owns two
YOTEL hotels in Heathrow and Gatwick, United Kingdom. IFA HR is also the
force     behind     the     super-premium     Sheraton      Algarve     Hotel
(       and    Pine     Cliffs  Resort     (Portugal)
(, part of Starwood‟s Luxury Collection.

Globally, IFA HR has entered into strategic alliances and Joint Venture
partnerships with leading companies such as Kingdom Hotel Investment
Group (Saudi Arabia), Nakheel (UAE), United Investments Portugal, Savills
(United Kingdom), a strategic alliance with RCI (part of the Cendant‟s Group)
and Moreland Developments (Pty) Ltd (South Africa).

IFA HR aims to link its resorts to other parts of the globe, such as the US, the UK,
Mauritius, Eastern Europe and the Far East. This will offer investors and tourists
access to world class facilities through a network of hotels, residential resorts,
and vacation and residence club destinations.

IFA HR‟s programme of brand acquisition and developer partnerships will
continue into the future and is evidenced by the ever growing strength of its
product range:

•      IFA - Hotels & Resorts
•      IFA - Lifestyle Membership Clubs
•      IFA - Vacation Ownership
•      IFA - Fractional Ownership
•      IFA - Hotel Ownership
•      IFA - Residences
•      IFA - Travel & Tourism
•      IFA Properties
•      IFA Yacht Ownership Club


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