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July 31, 2015 10:33 PM ET

Hotels, Restaurants and Leisure

Company Overview of IFA Hotels & Resorts Limited

Company Overview

IFA Hotels & Resorts Limited develops apartments, hotels, and timeshare resorts principally in South Africa and Namibia. Its property portfolio also comprises hotel condominiums, private residence clubs, and yacht ownership clubs. The company is also involved in travel and tourism business. In addition, it invests in land; and engages in property development activities. The company is based in Zimbali, South Africa. IFA Hotels & Resorts Limited is a subsidiary of IFA Hotels & Resorts KSCC.

Zimbali Northgate Suites

Zimbali Coastal Resort

Zimbali,  4422

South Africa

Key Executives for IFA Hotels & Resorts Limited

Chairman, Chief Executive Officer, Member of Group Audit Risk & Compliance Committee and Member of Remuneration Committee
Age: 37
Senior Vice President of Finance and Administration
Director and Chief Executive Officer of IFA Hotels & Resorts South Africa
Age: 45
Senior Vice President of Asset Management
Vice President of Operations-Africa & Indian Ocean and Company Secretary
Age: 59
Compensation as of Fiscal Year 2015.

IFA Hotels & Resorts Limited Key Developments

IFA Hotels & Resorts Limited Provides Earnings Guidance for the Six Months Ended June 30, 2013

IFA Hotels & Resorts Limited provides earnings guidance for the six months ended June 30, 2013. Loss per share for the six months ended 30 June 2013 is expected to be between 2.00 cents and 4.00 cents (reviewed six months to 30 June 2012: loss 7.29 cents per share and the headline loss per share for the six months ended 30 June 2013 is expected to be between 2.00 cents and 4.00 cents (reviewed six months to 30 June 2012: loss 7.29 cents per share. The reduction in loss per share and headline loss per share for the six months ended 30 June 2013 is mainly attributed to a reduction in provisions for impairments on loans to associates and no share of losses from associates being accounted for.

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