Wildeklawer (IFC-40686)

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.
Voting Date
May 15, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
WILDEKLAWER EIENDOMS BEPERK
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 Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 4.51 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 4
Converted using 2019-03-26 exchange rate.
Project Cost (USD)
$ 5.64 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 5
Converted using 2019-03-26 exchange rate.
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 4, 2019

Disclosed by Bank Mar 26, 2019


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Project Description

According to bank documents, the proposed investment is an A loan of up to EUR4.0 million to Wildeklawer Group, to support the first phase of its expansion program which includes:

  1. expansion of carrot and beetroot packaging capacity;
  2. development of additional farmland;
  3. construction of an access road; and
  4. working capital needs.
Investment Description
  • International Finance Corporation (IFC)
Private Actors

Wildeklawer, a leading producer of vegetables (carrots, onions, potatoes, beetroots, etc.) for both the South African market and for export, is headquartered in the Northern Cape area of South Africa, approximately 47km northwest of Kimberly. Landholdings amount to 3,758 ha. Operations are divided into three production units; Wildeklawer and Romance farms and De Bron farm (which is found 130 km southwest of Kimberly). All land is owned by entities within the Wildeklawer group of companies. The Wildeklawer Group comprises six companies incorporated in South Africa and focused on the farming, packing, and local trading of fresh vegetables and grains. The Group is a family-run business owned by the De Kock family. The founder, Mr. Louis de Kock, Senior, is currently joined by his wife, Cora de Kock and son, Louis de Kock, Junior, in managing the business.

Contact Information

Wildeklawer (pty) Ltd 
Louis De Kock 
Director / CEO 
+27 53 531 9700 
louis@wildeklawer.com 
P.O. Box 46, Barkley West, 8375, Northern Cape Province, South Africa 
www.wildeklawer.com

The environmental documents will be accessible at:

  • Wildeklawer (pty) Ltd – Barkley West, 8375, Northern Cape Province, South Africa
  • Public Information Center, The World Bank Senegal Country Office, Corniche Ouest X Rue Leon Gontran Damas, Dakar, Senegal
  • World Bank Group InfoShop at 701 18th Street N.W., Washington D.C, USA.
  • IFC’s website at www.ifc.org

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/