Deal #6614

Location #1

Spatial accuracy level
Approximate location
Location
Ladybrand, South Africa

Target country
South Africa
Comment on location
Land located near the agricultural towns of Ladybrand, also has properties in nearby neighbouring Thaba Nchu and Ficksburg

Land area

Size under contract (leased or purchased area, in ha)
[2016] 3200

Intention of investment

Intention of investment
[2016, current] Livestock, Agriculture unspecified, Other (please specify)
Comment on intention of investment
Portions of the land for buildings (Church and houses). Remainder of the land to be used for "eco-farms" by congregants. First ever eco farming project of the Church of Christ.

Nature of the deal

Nature of the deal
Outright Purchase

Negotiation status

Negotiation status
[2016, current] Concluded (Oral Agreement)

Implementation status

Implementation status
In operation (production)

Number of domestic jobs created

Jobs created (domestic)
Yes

Operating company

Comment on investment chain
Founded in Manila in 1914, Iglesia ni Cristo

 

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Data source #1

Data source type
Media report
File
Publication title
A Filipino megachurch has bought over 5,000 hectares in the Free State – and is establishing ‘eco-farms’ for congregants to live on
Date
2018-07-26

Materialized benefits for local communities

Materialized benefits for local communities
Other
Comment on materialized benefits for local communities
Food parcels are given to the communities.

Detailed crop, animal and mineral information

Livestock area
[current] Goats, Sheep

Overall comment

Overall comment
The Church has an estimated 66,206 hectares of eco farms worldwide.

Nov. 19, 2018, 12:50 p.m.

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Nov. 19, 2018, 10:31 a.m.

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