IRHM, Your Global Window into Real Estate and Hospitality

October 21, 2025

South Africa

Millat Group has joined the Executive Committee of the World Travel & Tourism Council (WTTC), becoming the first South African private equity firm to secure a seat on the Council’s top governing body.
Growthpoint Properties has confirmed that Estienne de Klerk will succeed Norbert Sasse as Group CEO in July 2026, with José Snyders appointed as Group CFO from January 2026, in a planned leadership transition at South Africa’s largest listed property group.
Boschendal has become the first wine estate globally to earn Green Key certification for its accommodation, recognising its environmental stewardship, ethical practices, and community support. Initiatives include renewable energy use, biodiversity conservation, and regenerative agriculture, setting a benchmark for sustainable heritage tourism.
Cape Town fintech TurnStay has raised $1.9m to expand its cross-border payments platform for African travel businesses. Using stablecoin settlement, the service cuts transaction costs by up to 70% and helps operators secure more direct international bookings.

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