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IFH
 IFH                                                                             
IFA Hotels & Resorts Limited - Cautionary announcement                          
IFA Hotels & Resorts Limited                                                    
(formerly Moribo Leisure Limited)                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1919/001318/06)                                            
Share code: IFH                                                                 
ISIN: ZAE000075669                                                              
("the company")                                                                 
Cautionary announcement                                                         
Shareholders are advised that the company has entered into negotiations with    
third parties which, if successfully concluded, may have a material effect on   
the price of the company`s securities.  Accordingly, shareholders are advised to
exercise caution when dealing in the company`s securities until a full          
announcement is made.                                                           
11 December 2006                                                                
Zimbali                                                                         
Sponsor to the company                                                          
BDO QuestCo (Pty) Ltd                                                           
Date: 11/12/2006 13:10:01 Produced by the JSE SENS Department.

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