The specific plans for Madiba Bay include a five-star, 500-room hotel, airport upgrades in Port Elizabeth and other investments in tourism. All of the projects will be overseen by Lesaoana in cooperation with the government, says Jayco president Jay Cohen.
"[Lesaoana] will be among the leading lights to carry out the South African Government's objective of seeing that Black Economic Empowerment Candidates reach the corporate level for the international markets," says Cohen, who is expected to outline the importance of the project to the region in a Parliament speech this week.
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