Investec MAGC (IFC-50433)

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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
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
Dec 16, 2025
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
INVESTEC BANK LTD
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
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)
$ 200.00 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.
Project Cost (USD)
$ 200.00 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.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 8, 2026

Disclosed by Bank Apr 8, 2026

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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 provided information, the proposed project is an up to US$200 million senior unsecured loan with a 7 year tenor to Investec Bank Limited (Investec or the Bank), to finance the expansion of Investec’s EDGE-certified (or equivalent eligible certification acceptable to IFC) green building finance and home loan portfolios in South Africa (the Project). The Project is expected to be supported by the Market Accelerator for Green Construction (MAGC) Program as described in the Blended Finance section.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The Project is an up to US$200 million senior unsecured loan for IFC’s own account with a 7-year tenor. It will support the expansion of the Bank’s EDGE-certified (or equivalent green certification acceptable to IFC) green building finance and home loan portfolios in South Africa.

IFC, as implementing entity of the MAGC Program, expects to provide up to US$3.8 million in the form of a performance-based incentive (PBI). The PBI will help accelerate the implementation of the Bank’s green building strategy and catalyze the supply and demand of certified green buildings in South Africa. The PBI will be passed on to developers and buyers of certified green properties to partially offset the incremental greening and certification costs after such costs have been incurred. The level of concessionality (i.e., “subsidy”) provided by the PBI is estimated to be approximately 1.9% of the total Project size of up to US$200 million. As is the case with all IFC blended concessional finance co-investments, this Project has been assessed against the Enhanced Blended Concessional Finance Principles for Development Finance Institution (DFI) Private Sector Operations adopted by IFC and more than 20 other DFIs in 2017. Further information on these Enhanced Principles, IFC’s blended finance approach and governance, and historical information on estimated subsidy levels in IFC’s blended finance portfolio can be found at: www.ifc.org/blendedfinance

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.

Investec Group, comprising Investec plc, Investec Limited and their subsidiaries (the Group) is a leading international bank, with a regional focus in Southern Africa.

Founded in 1974, the Group has a dual-listed company structure with primary listings on the London and Johannesburg Stock Exchanges. Investec Limited is the controlling company of the Group’s businesses in Southern Africa and Investec plc is the controlling company of the majority of the Group’s non-Southern African businesses.

Investec Bank Limited, the fifth largest bank in South Africa by assets, is a wholly owned subsidiary of Investec Limited and houses the Group’s Southern African banking operations. The Bank is headquartered in Johannesburg and offers a wide range of financial services, including private banking, corporate and investment banking, and business banking for mid-market corporates.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Investec Bank Limited Client Finance

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.

Investec Bank Limited
Stephen Matthyssen
Investec Bank Limited, Corporate and Investment Bank
+27 11 286 9489
Stephen.Matthysen@investec.com
100 Grayston Drive, Sandown, Sandton
https://www.investec.com/en_za.html

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries 

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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 

How it works

How it works