Tourvest - Game Lodge Acquisition Expands Tourvest
TRT
TRT
Tourvest - Game Lodge Acquisition Expands Tourvest"s Property Portfolio
Tourism Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/008144/06)
Share code: TRT
ISIN: ZAE000012472
GAME LODGE ACQUISITION EXPANDS TOURVEST"S PROPERTY PORTFOLIO
Johannesburg, 14 August 2006 - Tourvest, which last month entered the
accommodation sector of the tourism market by buying the four-star Adderley
Hotel in Cape Town, has expanded its fledgling property portfolio through the
acquisition of the Makalali Game Lodge in Limpopo, subject to regulatory
approval.
The lodge comprises 6 000 hectares of land with four camps accommodating 48
people. It is located in the Greater Makalali Game Reserve, a private
conservancy about 60 km from Hoedspruit to the west of Klaserie/Timbavati.
The conservancy already has the Big Four and Tourvest director Jan Roesch said
the group planned to introduce buffalo to make it a Big Five reserve. Tourvest
will also refurbish and upgrade the lodges to four-star quality.
"Our Tourvest inbound tour operators already support Makalali to a significant
degree and we are confident that with proper marketing, we"ll be able to
establish the lodge as a premium bush/safari destination," he said.
For further information call Jan Roesch on (011) 728 0540
Issued by du Plessis Associates on behalf of Tourism Investment Corporation.
dPA contact Helen McKane Tel : +27 11 728 4701, Fax: +27 11 728 2547,
Mobile: 082 330 2034 or e-mail: tourvest@dpapr.com
Sponsor : Investec Bank Limited
website : www.tourvest.co.za
Date: 14/08/2006 11:00:02 AM Produced by the JSE SENS Department
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