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

Countries
  • South Africa
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
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
NUMBER TWO PIGGERIES (PROPRIETARY) LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. 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


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project 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
  • International Finance Corporation (IFC)
Contact Information
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/