Mamba Cement Company donates money to repair local primary school and provide teaching equipment and support to teachers
Summary
Funding agency [Type]
China-Africa Development Fund (CADFund) [State-owned Fund]
Jidong Development Group Co. Ltd. [State-owned Company]
Mamba Cement Company (Pty) Ltd [Joint Venture/Special Purpose Vehicle]
Recipient
South Africa
Sector
Education (Code: 110)
Flow type
Grant
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
Before August 2018, Mamba Cement Company (Pty) Ltd, a joint venture with a majority stake held by Jidong Development Group and China-Africa Development fund (see project #16650), donated money to repair the local primary school located near the Mamba Cement Plant in Limpopo Province, as well as providing teaching equipment and support to the school's teachers. The monetary value of this donation is unknown. Mamba Cement Company is a joint venture for the $217 million USD Mamba Cement project. It includes South Africa's Women Investment Portfolio Holdings Limited (Wiphold) with a 23.9% stake, South African limestone mining company Continental Cement with a 25.1% stake, and Jidong Development Group and China-Africa Development Fund, which together hold a majority 51% stake.
Additional details
AidData has coded both the Chinese state-owned enterprise and their majority-owned Joint Venture as the funding agency for this project. It is unclear when this donation occurred; "注重节能环保重视本地化发展 曼巴水泥厂成中南产能合作典范" was published in August 2018, so the donation must have come before that time; AidData for now has selected 2018 as the commitment year and checked the commitment_ year_estimated? field.
Number of official sources
1
Number of total sources
1
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of South Africa [Government Agency]