27 Jul

Formation of an international leisure company: Leisure Africa Holdings

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The Caban Group of Companies are proud to announce the formation of an international leisure company, Leisure Africa Holdings.

 

Up to now, Caban did not have interests in the leisure industry, a high growth industry in both inbound capital and job creation. According to SA Tourism, tourist arrivals for the first two months of 2016 showed a growth of 16.5% which bodes well for an industry that generated R91.8 billion in 2015.

 

This company will maintain Caban's ethos of doing business; creating jobs, assisting communities and achieving above 40% return on investment. A highly experienced team has been put together which Caban will complement with its strong corporate finance team.

 

As a founding member with a 33.3% stake in the venture, Caban’s involvement will concentrate on the provision of corporate finance expertise together with all the Caban services. The Caban executive will be involved in the strategic direction of the new group.

 

Leisure Africa Holdings will have interests in the following:

  • An international airline;
  • An alliance with a regional airline;
  • A Dubai styled hub in West Africa;
  • A local tourism portal;
  • The provision of structured packages for international tourists;

 

The constituted board of the company will be announced shortly. Any enquiries in this regard can be directed to the Caban Group  of Companies CEO, Dave Romero, via This email address is being protected from spambots. You need JavaScript enabled to view it. / +2721 683 2425. 

 

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