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New Company Jayco South Africa LLC to Develop Port Elizabeth Hotel/Resort for World Cup 2010, with Thabang Lesaoana as President.


Company founder Jay A. Cohen cohen
 or kohen

(Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male.
 to address regional Parliament on Wednesday 2/14

PORT ELIZABETH Port Elizabeth, city (1991 pop. 670,653), Eastern Cape, SE South Africa, on Algoa Bay, an arm of the Indian Ocean. It is a tourist center and a major seaport that ships diamonds, wool, fruit, and other items. , South Africa -- Jayco South Africa LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 dba Jayco SA, LLC, to be headquartered in Port Elizabeth, South Africa, today announced the appointment of Welkom native Thabang Lesaoana as its President. Mr. Lesaonana will lead the development of Madiba Bay in Port Elizabeth, a luxury hotel/resort that will host the tournament referees of the FIFA FIFA International Association Football Federation [French Fédération Internationale de Football Association]

FIFA n abbr (= Fédération Internationale de Football Association) → FIFA f 
 2010 World Cup Games.

"Thabang Lesaoana's appointment is significant on several levels," said Jay A. Cohen, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of the U.S. parent company, Jayco Real Estate Investments, based in Alexandria, Virginia, United States. "He will be among the leading lights to carry out the South African Government's objective of seeing that Black Economic Empowerment Black Economic Empowerment (BEE) is a program launched by the South African government to redress the inequalities of Apartheid by giving previously disadvantaged groups (black Africans, Coloureds and Indians) economic opportunities previously not available to them.  (BEE) Candidates reach the corporate level for the international markets."

The specific plans for Madiba Bay include a five-star, 500-room hotel, airport upgrades in Port Elizabeth and other investments in tourism, all to be overseen by Mr. Lesaoana in cooperation with the South African Government. In a Parliament speech on Wednesday, 14 February, Jayco's Mr. Cohen will outline Madiba Bay's importance to Port Elizabeth and its region. A copy of the speech can be obtained by emailing pengel@posneradv.com.

About Jayco Real Estate Investments

Jayco Real Estate Investments' mission is to provide premier commercial real estate opportunities to its valued clients, offering properties that represent significant, customized portfolio results. Jayco Real Estate Investments Services include negotiating acquisitions for accredited investors, full-service property management, enhancing commercial properties in the Greater Washington, D.C. region and customized disposition strategies. For further information, visit www.JaycoInv.com, or call 1-877-Jayco-RE (529-2673).
COPYRIGHT 2007 Business Wire
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 13, 2007
Words:273
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