Wildeklawer (IFC-40686)

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."
Voting Date
May 15, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
WILDEKLAWER EIENDOMS BEPERK
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 Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 4.51 million
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.
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, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 5
Converted using 2019-03-26 exchange rate.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 4, 2019

Disclosed by Bank Mar 26, 2019

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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.

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
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

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.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Wildeklawer Eiendoms Beperk Client -

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.

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/

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How it works