Number Two Piggeries (Pty) Ltd (IFC-37907)

Countries
  • South Africa
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
NUMBER TWO PIGGERIES (PROPRIETARY) LIMITED
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 2, 2017

Disclosed by Bank May 13, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
This equity investment proceeds will be used for Number Two Piggeries (Proprietary) Limited ("Number 2 Piggeries") expansion program to meet growing demand and improve efficiencies along its integrated value chain including (i) pig farms; (ii) processing facilities; (iii) feed mill; (iv) milk cattle farms; and (v) working capital. Number 2 Piggeries is the largest and most efficient pork producer in South Africa, accounting for 20% of national sow herd. The proposed investment in Number 2 Piggeries 'production facilities, will enable the company meet growing demand and improve efficiencies alongside its integrated value chain including in piggery and dairy.All existing abattoirs are located in urban and peri-urban settings. Two abattoirs are in South Africa (Cape Town and Queenstown) and one is located in Mariental, Namibia. All dairy (5) and pig farms (21) are situated on agricultural lands in the Eastern Cape, Western Cape, Free State, KwaZulu-Natal and Gauteng provinces of South Africa covering areas ranging from 500 ha to 2,000 ha. These farming operations were acquired through willing buyer-willing seller transactions. Number 2 Piggeries is currently assessing the proposed establishment of a 2,400 sow unit on land under the control of the Mzintha Community Trust, in the Eastern Cape Province.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Vallon Farm, Queenstown, 5319, South Africa Contact Person: Theo Feuth Company Name: Number Two Piggeries (PTY) LTD Address: P.O. Box 2725, Komani, 5322 Email: mailto:no2pigs@queenstown.co.za Phone: 045 858 8735 Facsimile: 045 858 8304 ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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How it works