| Tue 22 Jul 2008, 12:06 | | IFH - IFA - Appoints Wessel Witthuhn as president - Africa and Indian Ocean |
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IFH
IFH
IFH - IFA - Appoints Wessel Witthuhn as president - Africa and Indian Ocean
Region
IFA Hotels & Resorts Limited
(Incorporated in the Republic of South Africa)
(Registration number 1919/001318/06)
Share code: IFH
ISIN: ZAE000075669
("IFA" or "the company")
IFA HOTELS & RESORTS ("IFAHR") APPOINTS WESSEL WITTHUHN AS PRESIDENT - AFRICA
AND INDIAN OCEAN REGION
Wessel Witthuhn has been appointed as President - Africa & Indian Ocean Region
for IFA Hotels & Resorts with immediate effect.
"As the majority of IFAHR`s projects in Africa and the Indian Ocean region are
currently under construction and weighted towards design and development, it is
imperative that the individual appointed to lead the region through this phase
should be highly knowledgeable in this field" said Talal Jassim-Al-Bahar,
Chairman and Managing Director IFAHR.
"I am pleased to confirm Wessel`s appointment to the newly created position of
President - African and Indian Ocean Region. While having overall
responsibility for the Africa and Indian Ocean Region, he still retains his
current responsibilities for Design & Development within the region" he
concluded.
Witthuhn holds degrees in BSc Building Science and MSc Construction Management
and commenced his career in the construction industry in 1987. After working as
General Manager for Grinaker Infrastructure Development, he joined Damac
Properties in Dubai as Vice-President in 2002. He was headhunted in 2003 to
take over the management of Real Estate and Property Management divisions within
the Al-Rostamani Group Dubai.
He joined IFAHR in May 2006 as the Vice-President: Design and Development
(Africa and Indian Ocean). His portfolio covers all aspects within this region,
including operations, market positioning, strategic planning, implementation and
developing new economic areas.
IFAHR is investigating new investment opportunities in other African countries,
however its current project portfolio in the Africa and Indian Ocean region
include:
SOUTH AFRICA
- Zimbali Coastal Resort & Zimbali Lakes Resort - IFAHR, through IFA, has a
50% stake in the joint venture that developed the luxurious resort, a 1400
hectare prime residential and resort estate located on the north coast of
KwaZulu-Natal. (www.zimbali.co.za)
- Fairmont Zimbali Lodge - IFAHR, through IFA, owns the exclusive Zimbali
Lodge, managed by Fairmont Hotels & Resorts. (www.zimbalilodge.co.za)
- The Fairmont Zimbali - A new R1.8bn hotel resort, with a unique portfolio
of properties including apartments, ultra luxury villas, golf chalets and
villas, including a Fairmont Heritage Place Private Residence Club to be
managed by Fairmont Hotels & Resorts. (www.fairmontzimbali.com)
- Boschendal Limited - A mixed- use resort development at an historic Cape
Estate. IFAHR`s, through IFA, current stake in Boschendal is 26,57%.
(www.boschendal.com)
- Legend Golf & Safari Resort - situated in the Waterberg area of the Limpopo
Province. The Legend development, was officially launched in November 2007,
and forms part of the malaria-free 22 000ha Big Five Entabeni Safari
Conservancy. IFAHR, through IFA, has a 50% stake in this development.
KENYA:
- Fairmont Hotels - IFAHR is a shareholder in five Fairmont operated Hotels
in Kenya.
ZANZIBAR
- Located on the historic Tanzanian spice island, with joint venture partner
Kingdom Hotel Investments, the Fairmont Zanzibar Resort re-opened in 2007
and is managed by Fairmont Hotels & Resorts.
NAMIBIA
- There are four hotel projects to be operated by Kempinski in Namibia,
namely in Windhoek, Swakopmund, Etosha Pan and on the Chobe River Delta.
SEYCHELLES - ZILWA
- A JV partnership between IFAHR and Indian Ocean Resorts Ltd (IOR) has
acquired the Seychelles island of Ste Anne for a major new mixed-use
development.
22 July 2008
Zimbali
Sponsor to the company
QuestCo Sponsors (Pty) Ltd
Date: 22/07/2008 12:06:02 Produced by the JSE SENS Department.
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