AEF NSAPIC (formerly Dominos Pizza)

completed

REVISED SUMMARY OF PROJECT INFORMATION (SPI)Project Name South Africa-Dominos PizzaRegion Sub-Saharan AfricaSector Food and AgribusinessProject Number 008292Projected Board Date October 30, 1997 Company Name New South Africa Pizza Investment Company(NSAPIC) Limited Technical Partner and/or Major Shareholder: The sponsor of the project is NSA Investment Company through Charles Allen and Hendsel Minyard, who currently own 100% of the shares in NSA Pizza Investment Company. A member of the previously disadvantaged group who is a director in the company will take an equity stake in the business.Project Cost Including Proposed IFC Investment: The total project cost is estimated at R18.65 million (US$4.14 million equivalent), and the cost of the expansion is R10.8 million (US$2.4 million equivalent), and IFC proposes to invest R5.4 million (US$1.2 million equivalent) in venture loans.Location of Project and Description of Site: Gauteng Province, Republic of South Africa.Description of Company and Purpose of Project: The project involves a capital increase for New South Africa Pizza Investment Company (NSAPIC), and an expansion of Dominos Pizza stores in South Africa from the current two to about twenty one additional corporate owned stores and two raw material supply stores or central kitchens.Environmental Category and Issues: This is an environmental review category B project. Environmental and occupational health and safety issues include liquid and solid waste disposal, power and water supply, vehicle maintenance, CFCs, housekeeping and hygiene, general safety training, and fire protection. The sponsor has submitted a plan addressing the key issues: Power is supplied by the municipal grid, and water supply is also from the municipality. All liquid and solid waste disposal are in accordance with local authority requirements, and all drainage systems comply with local authorities’ requirements of the South African Board of Standards 0400-1900. All employees are trained to ensure that the environment, health and safety guidelines are followed. All drivers are enrolled in a driver safety class. The Dominos stores are designed to meet the standards of the company and the local authorities. The stores will be equipped with fire detection devices, extinguishers, and at least two emergency exits. The extraction and ventilation systems comply with the South African Board of Standards. All new cooling equipment will be CFC-free. The ERS was sent to PIC April 21, 1997.Date SPI sent to PIC: April 23, 1997Revised: September 16, 1997For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-9331facsimile: (202)974-4384Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).