Wednesday, 16 September 2020 12:45

IFA Fair Zim Hotel & Resort enters business rescue

As the Covid-19 crisis continues to disrupt local and global travel and tourism markets, IFA Fair Zim Hotel & Resort Proprietary Limited announced today that the company entered business rescue on Wednesday 16 September 2020 to safeguard the interests of all its stakeholders.

JSE listed Spear REIT Limited announced the appointment of Mrs. Kim Pfaff-Karg as Chief Investment Officer who will join the business on the 1st of March 2020.

“Overall many key African hotel markets reflected a positive turnaround in tourism in the first half of 2018,” says CEO of HTI Consulting, Wayne Troughton. “Though many of these markets continue to trade off a low base, the positive growth in room nights sold bodes well for future occupancy increases and hotel supply,” he states.

The hospitality and gaming industry in South Africa might be perceived as male dominated terrain but within Sun International’s sales team, women are the majority.

Broll East Africa has appointed two executives to Head Research and Occupier Services in the region.

It is official. Century City Square, the new all-green commercial and hospitality hub of Century City, is South Africa’s top mixed use development.

Sun City still ranks as one of the best holiday destinations amongst South Africans, with the resort receiving yet another award for Best Holiday Resort, this time as voted for by the readers of Pretoria News. 

Durban’s Point precinct is been transformed into a property market paradise, with upgraded roads and waterways leading to upmarket apartment blocks.

The success of Century City continues with billions of rands of new residential, commercial and hospitality projects rapidly rising out of the ground.

Hospitality is the only Specialised Real Estate Investment Trust (“REIT”) listed on the JSE that offers investors a unique investment vehicle in the hospitality sector through the ownership of a portfolio of hotel and leisure properties.

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