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Farmsecure RSF

Sector: Raw Materials • Location: South Africa

Source: International Finance Corporation (IFC)

Project
Completed

The Project consists of an up to R500mn (~$65mn) funded risk participations in Standard Chartered Bank South Africa (“SCB” or the “Bank”) financing facilities to the Farmsecure group of companies (“Farmsecure” or the “Group”), for the provision of pre-harvest working capital to contracted farmers in grains and livestocks and own production in fruits. The facilities also cover other working capital

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Project Information

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The project “Farmsecure RSF” is an infrastructure initiative in the Raw Materials sector, located in South Africa. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Phone

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Email

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Address

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Description

Description

The Project consists of an up to R500mn (~$65mn) funded risk participations in Standard Chartered Bank South Africa (“SCB” or the “Bank”) financing facilities to the Farmsecure group of companies (“Farmsecure” or the “Group”), for the provision of pre-harvest working capital to contracted farmers in grains and livestocks and own production in fruits. The facilities also cover other working capital needs of the Group. Among others, the financing facility will be used for input financing (e.g. seeds, fertilizer, agrochemicals), purchase of weaner calves/lambs for rearing and payment of insurance premiums and other marketing expenses.

Original sub-sector

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Original Currency

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Original budget

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Procurement method

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Budget

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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