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 in the renowned Zimbali Coastal Resort in the KwaZulu-Natal region, north of Durban, South Africa.

www.tongaat.co.za