Deal #5026

Location #1

Spatial accuracy level
Administrative region
Location
Sabie, South Africa

Target country
South Africa

Land area

Intended size (in ha)
90000
Size under contract (leased or purchased area, in ha)
[2007] 90000
Size in operation (production, in ha)
[2015] 62000

Intention of investment

Intention of investment
Timber plantation (for wood and fibre)

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2007] Concluded (Contract signed)
Comment on negotiation status
Global Environment Fund acquired the plantations in 2001, sold the plantations to York Timbers in 2007.

Implementation status

Implementation status
[2001] In operation (production)

Contract farming

Contract farming
No

Number of domestic jobs created

Jobs created (domestic)
Yes
Current number of jobs (domestic)
2000

Operating company

Comment on investment chain
Global Environment Fund and Mondi acquired the plantations in 2001, sold the plantations to York Timbers in 2007.

 

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Data source #1

Data source type
Company sources
File

Data source #2

Data source type
Media report
File
Comment on data source
Bloomberg Business- Company Overview of Global Forest Products (Pty) Ltd.

Data source #3

Data source type
Media report
File
Comment on data source
Metier- York Timbers

Data source #4

Data source type
Media report
File
Date
2007-04-03
Comment on data source
All Africa- South Africa: York Snaps Up Global Forest

Data source #5

Data source type
Company sources
File
Comment on data source
BEE Certificate

Data source #6

Data source type
Media report
File
Date
2014-10-02
Comment on data source
Forestry South Africa- York Timbers earnings down 53%

Data source #7

Data source type
Other (Please specify in comment field)
File
Date
2007-11-27
Comment on data source
Court Judgement

Promised benefits for local communities

Promised benefits for local communities
Health
Education

Former land owner (not by constitution)

Former land owner
Private (large-scale farm)
Comment on former land owner
Global Environment Fund

Former land use

Former land use
Forestry

Former land cover

Former land cover
Forest land

Detailed crop, animal and mineral information

Crops area
Eucalyptus, Pine

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
three sawmills and two value-added processing facilities

Overall comment

Overall comment
Global Environment Fund and Mondi acquired the plantations in 2001, sold the plantations to York Timbers in 2007.

April 22, 2016, 5:58 p.m.

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