Banking on local growth with a world-class resort

At Absa Corporate and Investment Banking, we’re committed to playing a catalytic role in landmark developments that stimulate long-term economic growth. Our collaboration with Collins Consortium Group to deliver South Africa’s first Club Med resort is testament towards that commitment.

The Club Med resort, to be situated on KwaZulu-Natal’s North Coast, is a R2.5 billion project that marks a new era for the local tourism and hospitality sector. As Mandated Lead Arranger, Facility Agent and Commercial Property Finance Agent, Absa delivered a bespoke financing solution, drawing on our hospitality and commercial property expertise to shape a tailored, market-ready transaction.

This milestone deal cements the Collins Consortium’s position as one of South Africa’s leading developers, expanding its market presence and paving the way for future projects across diverse sectors and scales. The resort is set to offer premium amenities that meet the needs of modern, discerning travelers, setting a new benchmark for hospitality development in the region.

By aligning the strategic growth ambitions of Collins Consortium, the deal was able to bring together a partnership of public, private and BEE investors, united towards shaping the future of the sector’s growth. The result is a powerful example of collaborative investment that meets market needs, while delivering lasting impact. This Infrastructure development will bring benefits to Kwa-Zulu Natal, enhancing intra-regional and international trade, strengthening the province's local and global competitiveness, whilst boosting local long- term employment opportunities.

By investing in this monumental project, we are building Africa’s hospitality future through infrastructure that connects people, grows businesses, and reshapes local economies for sustainable growth.