Merensky Timber (Pty) Ltd
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Merensky Timber (Pty) Ltd is the forestry arm of Hans Merensky Holdings and is one of the leading integrated plantation and processing company groups in South Africa. Merensky plantations comprise both pine and eucalyptus species, totalling ca. 65,000 hectares across South Africa, as well as 3 sawmills. The Group has ca. 2,600 employees and is well-entrenched in the forestry market, tracing its roots in the country back for over 90 years.
What is our funding objective?
The purpose of this FMO grant is to execute a historic research and analysis into community displacement and losses, in the context of the South Africa land restitution program, and to further boost the capacity of the customer with reference to the stakeholder engagement and community development approaches.
Why do we fund this investment?
This research will support the overview of displacement and losses suffered by local communities and inform possibilities for Merensky to further tailor (if and where relevant) the community support projects. Due to the apparent interfaces, the stakeholder engagement approach and the community development plans are included in the Terms of Reference for this research. We believe that this project has the potential to become an impactful endeavor for the sector and region. FMO TA is well-positioned to support this value-add initiative that enhances Merensky's capacity to establish meaningful relationships with affected communities, whereby historic losses are adequately and explicitly addressed.
- Region
- Africa
- Country
- South Africa
- Sector
- Agribusiness, Food & Water
- Publication date
- 7/15/2024
- Effective date
- 5/8/2024
- Total FMO financing
- EUR 0.01 MLN
- Funding
- FMO NV