There's a newer version of this deal. Click here to show the latest version.

Deal #4466

Location #1

Spatial accuracy level
Administrative region
Location
Umzimkulu, South Africa

Target country
South Africa
Comment on location
Umzimkhulu/Ixopo corridor using cooperative land

Land area

Intended size (in ha)
50000
Comment on land area
Pilot project, if successful expand to each province (totaling 1 million hectares)

Intention of investment

Intention of investment
Livestock

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2013] Intended (Under negotiation)
[2014] Failed (Negotiations failed)
Comment on negotiation status
Diary experts from Peng-Xin Group were sent to South Africa in 2014. They have decided to move the project to New Zealand, where they have established operations.

Contract farming

Contract farming
No

Number of domestic jobs created

Jobs created (domestic)
Yes
Comment on jobs created (domestic)
general workers, managers and technical expertise to come from surrounding communities

Operating company

 

Network of parent companies and tertiary investors/lenders. Please right-click the nodes to get more details.

Legend
  • Is parent company of
  • Is tertiary investor/lender of
  • Left-click to reveal related parent companies and tertiary investors/lenders.
  • Right-click on investors to get more information.
  • Left-click to hide related parent companies and tertiary investors/lenders.

Data source #1

Data source type
Media report
File
Date
2014-09-03
Comment on data source
Farm Land Grab- China's engagement with African agriculture

Data source #2

Data source type
Media report
File
Date
2013-11-23
Comment on data source
Farm Land Grab- China will grow our food

Data source #3

Data source type
Company sources
File
Comment on data source
PengXin group website

Data source #4

Data source type
Media report
File
Date
2014-02-25
Comment on data source
Farmers Weekly- Chinese dairy in KZN ruffles feathers

Data source #5

Data source type
Personal information
Date
2015-01-19
Includes in-country-verified information
Yes

How did the community react?

Comment on community reaction
The local Milk Producer’s Organisation (MPO) fears this will increase domestic milk prices.

Former land owner (not by constitution)

Former land owner
Community

Detailed crop, animal and mineral information

Livestock area
Dairy Cattle

Use of produce

Has export
Yes

In country processing of produce

In country processing of produce
Yes

Overall comment

Overall comment
Negotiations failed and operations have been moved to New Zealand.

Feb. 17, 2015, 11:29 a.m.

overwritten

Show this version

Compare with previous version

Jan. 19, 2015, 12:14 p.m.

overwritten

This version

Compare with previous version

Sept. 22, 2014, 5:35 p.m.

overwritten

Show this version

First version