devinitorg/iati-policy-markers huggingface dataset:
South Africa Junior Mining Fund NAMF will invest in junior mining ventures and promote junior mining activities in Southern and Central Africa.  It will invest in pre-feasibility stage (after the resource has been identified), feasibility study stage, and early stages of production in junior mining projects.  The fund will also invest in small-size spin-offs from restructured/reorganized mining companies.      In Canada and Australia, for example, junior mining companies play an important role in bringing new resources into production - they are more effective at grassroots exploration than majors.  In South Africa, the development of mineral resources has been dominated by large mining houses with limited participation by junior mining companies.  This is due to limited access to mineral rights and lack of access to capital.  In February 2000, the South African government together with some South African mining companies and aspirant mining juniors launched the Bakubung Initiative (BI).  Its objective was to promote junior mining activities in South Africa.  They set out to do so in three ways:    Provide input into the revision of South Africa''s mining legislation (the new Minerals Development Bill);   Facilitate the creation of mining funds to invest in junior mining companies; and   Facilitate the set up of a mentor group, consisting of persons with extensive mining and financial experience, that would provide junior mining entrepreneurs with training and advice, transferring knowledge and skills.   NAMF, together with the parallel establishment of a mentor program to support prospective investment projects, is the result of initiatives (2) and (3) above.    Through the above initiatives, South Africa plans to transform its mining sector - to revitalize it and make it more representative.  Junior mining ventures are expected to play an important role in this process.  The fund will focus initially on South African opportunities but selective opportunities in the Southern and Central Africa will be considered.  By investing in NAMF, IFC will provide long-term funding to junior mining ventures.  It will also signal to other providers of funding, especially venture capitalists and the local stock exchanges, to consider investing in junior mining ventures.  IFC will assist the fund develop environmental and social guidelines/policies to be used in the evaluation of investment proposals.  IFC will assist and support the development of the mentor group.
Absa Trade Finance The proposed Project with Absa Bank Limited (Absa or the Bank) is an up to US$140 million equivalent
in South African Rands (ZAR) working capital support to eligible suppliers of a large manufacturing company
(the Company). The most significant expected Project-level outcomes are the stakeholder effects - increased access to
financing for suppliers engaged in the Company's supply chain. IFC also anticipates that the Project will have
a strong effect on the integration of the manufacturing sector in South Africa via enhancing connectivity of
suppliers into the domestic value chain.
FirstRand MAGC The proposed project consists of an up to US$250 million senior unsecured loan with a 7-year tenor to FirstRand Bank Limited (FRB or the Bank) to support the expansion of the Banks EDGE-certified (or equivalent green certification acceptable to IFC) green commercial property finance (CPF) and green home loan (home loans) portfolios, in South Africa (the Project). The Project is expected to be supported by the Market Accelerator for Green Construction (MAGC) Program and the IFC-BMWK Scale Up Climate Finance through Greening the Financial Sector (BMWK) Program as described in the Blended Finance section. The Project has an AIMM rating of Good, based on an AIMM score of 61. On an unadjusted basis (i.e., without likelihood factor), the full potential AIMM score could reach 70. The most significant expected project-level outcome is increased access to climate finance (through green buildings and  green affordable housing finance) in South Africa. Beyond the Project, IFC anticipates that its updated systematic engagement at both the sectoral and financial institutions levels, through investments, upstream, and AS, will help scale up climate finance, strengthen green finance standards in the country, and encourage replication by other institutions in the country, thus, contributing towards increased environmental sustainability through the demonstration and capacity building channels.
Amakhala Wind Cennergi (Pty) Ltd (the Company), a 50:50 JV Company between Exxaro Resources Ltd (Exxaro) and The Tata Power Company (Tata Power), wants to develop, build, own and operate the Amakhala Wind Farm Project (Amakhala, the Project). Amakhala is a 138.6 MW greenfield project between the towns of Bedford and Cookhouse in the Eastern Cape province of South Africa that achieved preferred bidder status in Round 2 of South Africas Renewable Energy IPP procurement program. The Project will be undertaken through a special purpose vehicle (SPV) named Amakhala Emoyeni RE Project 1 (Pty) Ltd. The Project output will be sold to Eskom SOC Limited, the integrated power utility in South Africa, under a 20 year Power Purchase Agreement (PPA). The project will: (i) promote additional employment and skills development during construction and operation; (ii) diversify South Africa''s energy mix; (iii) reduce carbon emissions by producing green, emission-free electricity; (iv) contribute to increased generation capacity in South Africa (as part of the planned system expansion); (v) contribute to the upliftment of local communities, through financial benefits flowing from a 5% carried shareholding to be held via two local community trusts; and (vi)provide positive demonstration effects in South Africa and the neighboring countries, as one of the initial large wind projects in the region.
GTLP ABSA Project GTLP Absa is a proposed risk sharing facility whereby Absa Bank Ltd (Absa or the Bank) and IFC would share the risk, on an up to 50:50 basis, in a portfolio of up to US$250 million of trade transactions originated by Absa (maximum up to US$125 million for IFC's own account) (the Project). The Project will use the Global Trade Liquidity Program (GTLP) platform, an innovative and demonstrated trade finance program launched by IFC in 2009, through which IFC will play a countercyclical role to support trade across Africa as the region responds to and recovers from the COVID-19 crisis.  In addition to the above Project, an uncommitted trade finance guarantee facility of US$50 million under IFC's Global Trade Finance Program (GTFP) is proposed (GTFP Absa and, collectively, with the Project, the Projects). IFC will play a countercyclical role to help protect cross-border trade finance linkages that support regional and global trade. By sustaining Absa's ability to provide trade finance services, despite COVID-19 impacts, the Projects are intended to promote the resilience of trade finance connections within Africa and between Africa and global markets. In addition, IFC aims to contribute to the maintenance of financial stability by providing comfort to other market participants that, beyond the Projects, are under pressure to reduce exposure in Africa and other markets during this economic crisis.
Respublica Project The proposed IFC investment seeks to support Respublica Group (Pty) Ltd (Company or RG), a holding company that owns a 100% stake in each of Respublica Student Living (Pty) Ltd (RSL) and Respublica Management Services (Pty) Ltd (RMS or Manco). The Company is a leading student accommodation provider operating ~8,900 beds across South Africa. The Company is raising $34m initially with approximately US$23 million additional commitments. The initial commitment will allow the company to reduce the current debt raised to consolidate all its assets under RSL, and also to grow its portfolio through greenfield developments and conversions. The Project is expected to increase acccess to affordable student housing in the underserved South African student housing market and responding to a significant gap in supply. Beyond the Project, IFC anticipates that the investment will promote greater competition in the affordable housing market segment via demonstration and replication channels.
SASFIN EE Project The proposed project is a senior loan of up to $10 million equivalent to Sasfin Bank Limited (Sasfin or the Group or the Company) to provide the Group with capital to finance eligible SME energy efficiency lending (Eligible Transactions) in South Africa (the Project). Eligible Transactions include energy efficiency, renewable energy and cleaner production projects that result in material improvement in energy use by SME companies in South Africa. The Project is expected to generate a range of environmental and economic benefits related to the development of sustainable energy finance and a stream of energy efficiency project investments. Specifically, the Project will i. facilitate energy efficiency investments by Sasfin''s small industrial and SME sub-borrowers; ii. build Sasfin capacity to finance energy efficiency projects and iii. improve the local and global environment through reduced emissions of greenhouse gases and other conventional pollutants while reducing South Africa''s dependence on fossil fuels.
Karsten Farms Karsten Farms (Pty) Limited (Karsten or the company) is the parent company of the largest table grape exporter in South Africa.  In addition to grapes, Karsten produces dates, apples, melons and citrus on a total of 1,527 hectares.   The project entails providing a corporate loan to Karsten to support its on going investment program, which consists of replanting ageing vines and orchards, establishing berries and cherries production, establishing grape farming activities in Egypt; building a complementary logistics and marketing operation in the United Kingdom; and refinancing $1.7 million of medium term debt.
Bakhresa SA (Pty) Limited Establish a greenfield 750 tons capacity per day wheat mill in the South African port city of Durban, to serve primarily the KwaZulu-Natal province and export to neighboring countries including Mozambique. Bakhresa has decided to establish a wheat mill in South Africa at a cost of US$80 million and has invited IFC to provide senior debt of US$25 million.   The IFCs participation is up to US$25 million A Loan to Bakhresa South Africa (Pty) Ltd which will be used to fund  a greenfield project in Bakhresa South Africa operations. (i) Employment Generation: The project will generate permanent jobs for local communities in Durban, South Africa. Also during the construction of the mill, temporary positions will be created in the region. The creation of additional indirect jobs throughout the value chain is expected. (ii) SME supply chain development: Agro allied businesses in the value chain such as local SME''s that provide goods and services to the mill, (transportation, packaging materials, ingredients, distribution, general services) or buyers from the mill (wholesalers, retailers, bakeries, animal feed manufactures) will benefit from the development of a flour mill plant in Durban, South Africa. (iii) Food security: Improved food security in South Africa and neigboring countries, where wheat products are a staple diet. (iv) Fiscal benefits: Increased tax revenues.
Nedbank Green Loan The proposed investment (the Project) consists of a senior loan of up to US$200 million to Nedbank Ltd (Nedbank or the Bank). The Project will help to further develop Nedbanks climate finance platform to on-lend to renewable energy (RE) projects and contribute to expanding the Banks climate strategy through Equator Principle compliance projects. The most significant, expected project-level effect is increased access to climate finance in South Africa. Beyond the Project, IFC anticipates that through demonstration and capacity building, Nedbank's planned development of a climate risk assessment framework and disclosure initiatives, will contribute towards the increased resilience of the South African banking sector to climate-related risks.
AEF Sordale Pty Ltd SUMMARY OF PROJECT INFORMATION (SPI   )      Project Name		South Africa-Hydrotec, Gauteng    Region   	   		Sub-Saharan Africa    Sector   	   		Agribusiness    Project Number   		00   8450    Projected Board Date	September 10, 1997    Projected ERS Date   	   July 31, 1997    Company Name		Shastean Investments (Proprietary) Limited    Technical Partner and/or Major Shareholders   The sponsor is Donmar (Proprietary) Limited, whose managing director is Mr Moses Marole.  Donmar (Pty) Ltd and IFC will together hold 50% of the shares whilst Mr Greeff and Mr Bouwer will retain 25% each.    Project cost including proposed IFC investment   Project Cost:	   	   US$ 3,044,000 equivalent   IFC Investment:   		   US$ 1,413,000 equivalent    Location of project and Description of Site   The project is located in Pretoria and comprises 50 hectares of land.    Description of Company and Purpose of Project   The project is the acquisition of a 50% stake in the common stock of Shastean Investments (Proprietary) Limited (Hydrotec) by Donmar (Proprietary) Limited (Donmar) for a consideration of  R7.0 million (US$1.5 million equivalent).  Hydrotec, which is located north of Pretoria in Sunsetview, is a private company which produces value-added products including salads and  pillow packs for mainly Woolworths.    Project Development Effects   The project will result in the economic empowerment of PDGs through participation in an industry that has and still is dominated by South Africas privileged community.  This joint venture relationship will result in a transfer of skills to PDGs and will serve as an entry into high value agriculture.  The high potential for increased volumes of business will create desperately needed job opportunities for people from PDGs.     Environmental Categories and Issues   This is a Category B project according to IFCs environmental review procedure.  Environmental, health and safety issues include source of water and power supply, handling, application and disposal of chemicals. Mitigative measures are integrated pest management, provision of personal protective equipment and employee training, regular medical check-ups for employees handling chemicals, disposal of liquid and solid wastes, including sewage, general hygiene and housekeeping in packhouse, CFC-free cold storage and fire protection and safety.    Date SPI Sent to PIC:				July 25, 1997    For additional information please contact Corporate Relations Unit    Tel: (202) 473-7711   Fax: (202) 974-4384      P:\PIC\ZAS08450.DOC   July 25, 1997 5:57 PM  Environmental 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).
Mvelaphanda Gold The project is a financial transaction whereby a consortium led by Mvelaphanda Resources Limited (Mvela or the company), through a wholly owned special purpose subsidiary Mvelaphanda Gold Limited (Mvela Gold), will purchase, for ZAR4.1 billion, a 15% stake in Gold Fields Limiteds (GFL) South African assets. Mvela has requested IFC to subscribe to ZAR200 million (approximately $27 million) worth of preference shares to Mvela Gold to support the financing of this transaction.    This transaction would enable GFL to satisfy the requirement under the new South African Mining Charter that all mining companies achieve, within 5 years, at least 15% ownership transfer to historically disadvantaged South Africans (HDSAs). All mining companies will be required to meet the provisions of the Mining Charter before government will convert their existing old order mining rights into new order mining rights. The assets underlying the transaction comprise all of GFLs South African operations, namely the Driefontein, Kloof and Beatrix mines, which have been estimated by GFL and Mvela to comprise 70% of GFLs total value. The acquisition price was based on this percentage and the value of GFL at the time the transaction was first announced.     Mvela has implemented two significant Black Economic Empowerment (BEE) transactions in the mining sector, whereby it acquired minority stakes in Northam Platinum Limited, a platinum mining operation, and Trans Hex Group Limited, a diamond mining operation. This transaction is consistent with Mvelas strategy of acquiring stakes in a diversified range of mining companies, in the context of the Mining Charter and the SA governments push towards BEE.  It will be of an order of magnitude greater than the previous two transactions and is Mvelas next step in fulfilling its ultimate ambition to become an operator in its own right.
Redefine Green Bond The Project is an investment to support Redefine Properties Ltd. (Redefine or the Company), a South African-based REIT operating in the commercial, retail, and industrial property sectors. IFC will support the Company with a subscription of up to 750 million South African rand (about US$44.1 million) of its inaugural green bond issuance. The investment will help the Company finance retrofits, renovations, and other building improvements in its portfolio to make them environmentally sustainable, improve resource efficiency, and adopt environmentally sound technologies, in line with Redefines commitment to ensure that its debt is sustainably refinanced, and all its buildings are net zero carbon, water, and / or waste by 2050 (the Project). IFCs investment is classified as 100 percent climate-related finance as it will be used exclusively on buildings with at least a Green Star 4 category certification (according to the Green Building Council of South Africa), or equivalent. The most significant expected Project-level outcomes are (i) increased access to grade A office space; and (ii) environmental effects through a reduction in energy and water consumption. Beyond the Project, IFC anticipates that the investment will promote financial integration through demonstration and competition channels.
SBG Sustainable B3T2 Debt The project consists of a Basel III compliant Tier 2 (B3T2) subordinated loan to Standard Bank Group Limited (SBG or the Group) to support the growth of renewable energy and affordable housing assets of the Standard Bank of South Africa (SBSA) in South Africa. Stakeholder Effects    Increased availability of Climate finance : The Project will support access to climate finance, leveraging SBSAs market position and substantial reach. The growth in the climate finance portfolio is expected to increase the supply of renewable energy in the local market, thereby reducing GHG emissions.    Increased access to housing finance . The Project will contribute to increased access to affordable housing finance in South Africa. South Africa is rapidly urbanizing, and an estimated 26% of the urban population lives in informal housing areas. The Project will increase the supply of finance to the affordable housing segment in the country, with a focus on women home buyers.    Contribution to Market Creation     Sustainability:  IFC anticipates that its systematic engagement at both the sectoral and financial institutions levels, through investments, upstream, and advisory services, will help scale-up climate finance, strengthen green finance standards in the country, and encourage replication by other institutions in South Africa; thus, contributing towards increased environmental sustainability through the demonstration and capacity building channels.
Mercantile Bank Holdings Limited The project consists of a senior loan to Mercantile Bank Limited (Mercantile or the Bank), a midsized bank in South Africa which is mainly dedicated to SMEs / Mid Market clients.  The Bank provides a full range of banking services to SMES, retail, selected corporate clients, and alliance banking clients. Mercantile also aims at building a portfolio of SMEs / Mid Market clients which are energy efficient/cleaner production/ and renewable energy related subprojects in South Africa. IFC senior loan will assist the Bank to grow its SME / Mid Market clients lending and develop a portfolio of energy efficient related businesses. 

The project is expected to be the basis for a longer-term partnership between IFC and Mercantile, an institution that has the capacity and motivation to help achieve important development impact in South Africa, through providing access to finance to the SMEs / Mid Market clients and the previously disadvantaged people. IFC's investment in Mercantile is expected to yield the following key developmental impact:
(i)	Development of SMEs / Mid Market clients in South Africa, through increased access/reach of financial services;
(ii)	Promote the development of sustainability business through providing long term financing to projects that result in environmental benefits; and
(iii) Assist Mercantile to manage asset/liability mismatch by providing long term local currency funding
CustomCapitalSPV The project consists of IFC supporting the establishment of a securitization program of SME equipment rental contracts originated and serviced by Custom Capital (Pty) Ltd (CC), an equipment rental company acquired by Mercantile Bank Limited (MBL) in 2011. Initially the portfolio size is proposed to be approx. ZAR 350 million, but is expected to grow over time.  Under the project, IFC would purchase a ZAR denominated senior note of up to ZAR 240 million to a newly created, bankruptcy-remote SPV. Custom Capital ("CC") would retain the subordinated notes.  IFCs investment ensures initial funding to the SPV with a revolving portfolio of equipment rentals for a period of up to 3 years, after which the programme is expected to issue public securities in the South African capital market. 1. Increased access to finance: IFC''s investment will enable the company increase access to finance for SMEs, its major clients. Access to equipment finance benefits SME''s by improving their cash management and operational efficiency. 2. Catalytic role: IFC will help to demonstrate the strength of Custom Capital business and enable it to build the two to three year track record required to successfully access the capital markets and broaden its investor base. The transaction would further provide a demonstration effect and further establish SME leases as an asset class in the South African capital market.
Project Leo This Summary of Investment Information relates to a potential equity investment in African Bank Investment Limited (ABIL, the Company). The investment is intended to strengthen the Companys capital base in order to grow its lending operations. African Bank Limited (ABL), a wholly own subsidiary of ABIL, is an existing client of IFC. (i) Financial inclusion: the project will help broaden access to credit for low income populations that could not have formal access to credit otherwise.  Bringing these under-served populations into the formal banking system has the following benefits: i) better cost of credit compared to informal money lenders; ii) customer protection through the regulatory framework, and iii) a credit history useful for future credit requests.  (ii) Housing Improvement and Education: about 50% of the loans granted by ABIL are used for home improvement and education. In a post-apartheid context, improved housing and education are critical for South Africa, as they contribute to the integration and empowerment of previously disadvantaged populations.