Home LOCAL NEWS Broke Govt Officially Signs A US$3,5 billion ‘White Farmers’ Compensation Agreement

Broke Govt Officially Signs A US$3,5 billion ‘White Farmers’ Compensation Agreement

Zimbabwe’s Finance Minister, Professor Mthuli Ncube has officially signed a US$3,5 billion compensation agreement with dispossessed white farmers under land reform.

The compensation is not for the land itself.

GLOBAL COMPENSATION DEED
Entered into by and between

REPUBLIC OF ZIMBABWE Represented by the Minister of Finance and Economic Development and

(1) COMMERCIAL FARMERS UNION OF ZIMBABWE Represent. by Andrew John Pascoe and FARMERS

(2) THE SOUTHERN Represented by Cedric Robert Wilde AFRICAN
and

(3) THE VALUATION CONSORTIUM (PRIVATE) LIMITED Represented by Anthony Meld Purkis
IN RESPECT OF THE COMPENSATION FOR IMPROVEMENTS ON AGRICULTURAL LAND COMPULSORILY ACQUIRED FOR RESETTLEMENT PURPOSES

 

The issue has been outstanding since two decades ago when the state authorised the violent grabbing of land from then-owners – white farmers.

The land reform programme soiled Zimbabwe’s relations with the Western international community with the United States, the United Kingdom and the European Union and their allies imposing sanctions on the country’s ruling party, companies and individuals linked to it and senior officials.

Trending On ZIMetro News. . .

  Conman ‘Teemak’ now in therapy; bishop father to pay off his Ponzi scheme victims HARARE – A 23-year-old man who duped dozens of Zimbabweans dotted around the globe through a Ponzi scheme is currently undergoing therapy, his sister has said. Conman 'Teemak' now in therapy; bishop father to pay off his Ponzi scheme victims Namatai Marygrace Chipunza took to Facebook in the aftermath of news reports exposing the self-proclaimed millionaire Taona Oswald Chipunza – known among socialites as Teemak...read more