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Thread: Zimbabwe to pay partial compensation to white ex-farmers

  1. #1

    Zimbabwe to pay partial compensation to white ex-farmers

    Zimbabwe next month will start paying partial compensation to white commercial farmers whose properties were seized nearly 20 years ago under Robert Mugabe's land reforms, the government said Monday.In a statement, the finance and agriculture ministries said they had budgeted 53 million Zimbabwean dollars ($18 million) in payments to "former farm owners affected by the land reform programme and who are in financial distress."
    More than 4,000 of the country's 4,500 white farmers were stripped of their land under former president Mugabe's highly controversial land seizures.
    Mugabe justified the land grabs as a way to correct colonial-era land ownership disparities that had favoured whites and to stimulate economic growth for black Zimbabweans.
    Critics blame the evictions for a collapse in agricultural production that forced Africa's one-time bread basket to become dependent on imported food to feed its population.
    Economic output fell by half following the land seizures which started in 2000 and the country's economy has struggled since then.
    The compensation will only be paid for improvements the former farm owners made to the land. It will not be paid for loss of the land itself.

    More at: https://news.yahoo.com/zimbabwe-pay-...115836778.html
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

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    Linus, from the Peanuts comic

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    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

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  3. #2
    It's a great country full more trillionaires than any other country. They can easily pay the farmers.


    I actually bought one of these for about $10 - 15 a few years ago.


  4. #3
    The Zimbabwe government will give priority to elderly white farmers when it starts compensating those who lost their properties during the controversial land reforms, the president said in an interview published Sunday.The finance and agriculture ministries last week said they had budgeted 53 million Zimbabwean dollars ($18 million) in payments to white commercial farmers whose properties were seized nearly 20 years ago under Robert Mugabe.
    The government pledged to target those in "financial distress".
    In an interview with the state-owned Sunday Mail newspaper, Emmerson Mnangagwa said the estimated value of the improvements on the farms would be three billion Zimbabwe dollars ($1-billion) and that government was not under pressure to pay all farmers.
    "We are looking at old white farmers as we make payment," Mnangagwa told the paper ahead of Zimbabwe's 39th independence anniversary on Thursday.
    "We don't pay compensation to those who are fit. Our constitution bids us to pay for improvements on land. We do not pay for land because no one brought land to Zimbabwe.
    "When we feel we do not have resources, no one compels us to do anything," he said, adding that the government was also in talks with the British government to help "to contribute to this compensation".


    More at: https://news.yahoo.com/zimbabwe-lead...131751398.html
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  5. #4
    They took away the plows and land, then they realized that they did not even know how to kick start the plows after they did this. I have a good friend who just recently came back from that situation, it's much rougher than our media shares...

  6. #5
    Quote Originally Posted by RJB View Post
    It's a great country full more trillionaires than any other country. They can easily pay the farmers.


    I actually bought one of these for about $10 - 15 a few years ago.

    I bought 10 of those and put them in a frame. Called it, One Quadrillion dollars.



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