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Zim Announces They Will Compensate Farmers For Land Grab
10 March 2016, 10:52
Opus1Zim Announces They Will Compensate Farmers For Land Grab
Kissing the hand of the IMF.
Amazing this happened with Uncle Bob still alive. Will be interesting to watch what happens.
quote:
SUNDAY TIMES NEWS BY BRIAN LATHAM AND GODFREY MARAWANYIKA, 2016-03-09
March 3, 2015.
Zimbabwe plans to start compensating mainly white farmers who lost their land and livelihoods during state- backed farm invasions that began in 2000 and triggered a near decade-long recession, the Finance Ministry said in a circular distributed to lawmakers.
Farmers may be compensated for “both land and improvements,” as well as for equipment acquired by the state during the often violent seizure of properties, according to the document that was submitted to parliament on Tuesday. If approved by the government, it would mark a major shift in policy. President Robert Mugabe previously said payments would be made only for investments in infrastructure such as dams, roads and buildings on seized farms.
The ministry’s plan to set up a Lands Compensation Fund comes as the government is seeking to restore relations with the International Monetary Fund and western donors and kick start growth in an economy that’s half the size it was in 2000. Finance Minister Patrick Chinamasa has said Zimbabwe is ready to pay lenders such as the IMF, World Bank and African Development Bank about $1.8 billion in debt and hopes the Washington-based fund will resume lending to the southern African nation this year.
Chinamasa declined Wednesday to comment on the circular.
Economic Pressure
“This may be the result of pressure, not only locally but also internationally,” said Willie Spies, the legal representative for AfriForum, which won a lawsuit last year to expropriate Zimbabwean government property in South Africa to compensate farmers whose land was seized. “Economic realities might have convinced the government to change their ways.”
Mugabe has maintained previously that farmers would not be compensated because the land had been stolen from the black majority during colonial rule. The invasions decimated production of tobacco, once Zimbabwe’s biggest export, and caused famines in a country that was once Africa’s second- biggest corn exporter.
They also came at a time when Mugabe was facing his biggest ever challenge from the political opposition and the seizures bolstered his support in rural areas.
During colonial rule black subsistence farmers were forced onto infertile areas while the best land was reserved for white farmers, of which there were about 4,000 in 2000.
The Lands Compensation Fund will be financed by rents and levies charged to the new occupants of the former large-scale farms, “development partners” and donations, the Finance Ministry said. It didn’t say how compensation would be calculated or what former farm-owners might expect to be paid.
“The farmers have lost everything,” Spies, who hadn’t seen the Finance Ministry document, said by phone from Pretoria, South Africa’s capital. “Up to now, the undertakings that were given for compensation were only for improvements and implements. If they added land to the equation it could be a breakthrough. I say this cautiously. We shouldn’t celebrate until it actually happens. ”
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10 March 2016, 11:14
Barry GroulxThe question is, in light of what has happened in central Europe do the farmers want compensation or will they hang on to their title deeds? Most will probably take compensation, but...
10 March 2016, 12:31
Opus1I wouldn't want to take the bet that Zim AB (After Bob) is going to be any more hospitable that it is currently WB (With Bob).
Take the money and run and thank the sanctions and the IMF while cursing the UN, UK, and US for being in this position...
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Just Remember, We ALL Told You So.
10 March 2016, 13:28
Buzz CharltonThis falls into the same bracket as the post about Mugabe dying while on his annual leave- Total BS and to be ignored!!
11 March 2016, 06:55
LionHunterUntil there is a proposal to compensate the families of the white farmers killed in the initial farm take-overs, I have no interest in anything Mad Bob does.
Martin Olds was a good man. He saved his friend George Parkin when a Croc got his knee. I had tea on one occasion and we had a few Castles on another. I hunted his land and took his 12 year old son out with me one day in 1997 and let him shoot my .44mag revolver - a big deal for him - and gave him the fired case to show his friends.
Mad Bob will rot in hell, and the sooner the better, for all the worlds decent humans.
There were ulterior motives for the killings and the first farmers killed were targeted, as most Zim residents know. Maybe someday the truth will be told.
Mike
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11 March 2016, 11:07
Barry GroulxPost-Bob Mugabestan has to be better - for a while - to get more money in. And, they will have someone new to blame for their woes. Zambia was a good template. Everything bad was the colonial government, until Kaunda was chucked out. Then it was all his fault. Then Chiluba was shown the door, and it was all HIS fault. The land of "I am not the one".
quote:
Originally posted by Opus1:
I wouldn't want to take the bet that Zim AB (After Bob) is going to be any more hospitable that it is currently WB (With Bob).
Take the money and run and thank the sanctions and the IMF while cursing the UN, UK, and US for being in this position...
11 March 2016, 17:26
ArnietIt is all about getting outside money to prevent revolution during the drought. I wonder how many of the checks will clear the bank, before the program stops. Of course there will be numerous delays, anything to get foreign aid.
11 March 2016, 17:34
Capt. PurvisI think that someone mentioned a book by a PH about his farm getting taking over by Mugabe. Anyone know the title of this book?
11 March 2016, 18:13
Jaco HumanAnybody who believe that SOB must be high on buff dung.

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www.sahuntexp.com 12 March 2016, 00:04
GeorgeSThe dispossessed landowners will probably be paid in Zimbabwe dollars.
George
12 March 2016, 02:00
larryshoresI totally believe it. I also believe in Santa Claus, the Easter Bunny, the tooth fairy & Obama.
12 March 2016, 03:16
jdollarI was outside on the patio a few minutes ago. A flight of pigs flew over. Therefore this must be true and believable

Vote Trump- Putin’s best friend…
To quote a former AND CURRENT Trumpiteer - DUMP TRUMP
12 March 2016, 06:52
FjoldI'm surprised that no one has posted the news story about Robbie M going to India, never showing up there and now no one knows where he is.
Frank
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15 March 2016, 03:48
juanpozziIts embarrasing that we permit a genocide to destroy a country and cheat the world for so many years .All the free world betrayed Rhodesia.
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15 March 2016, 06:00
dande_jackDon't count on anything positive coming out that load of BS. First you need ethics and then you need money. these people have an ETHNIC, not an ethic, and they don't have any money either.
15 March 2016, 23:15
Anton van der Spek"and western donors and kick start growth in an economy that’s half the size it was in 2000."
This is the funny part. I would say 1:100 of the size it was in 2000. Very optimistic reporting.
17 March 2016, 19:50
Jan Dumonquote:
Originally posted by larryshores:
I totally believe it. I also believe in Santa Claus, the Easter Bunny, the tooth fairy & Obama.
"O'BunnyClause"

17 March 2016, 20:36
BuffHunter63quote:
Originally posted by LionHunter:
Until there is a proposal to compensate the families of the white farmers killed in the initial farm take-overs, I have no interest in anything Mad Bob does.
Martin Olds was a good man. He saved his friend George Parkin when a Croc got his knee. I had tea on one occasion and we had a few Castles on another. I hunted his land and took his 12 year old son out with me one day in 1997 and let him shoot my .44mag revolver - a big deal for him - and gave him the fired case to show his friends.
Mad Bob will rot in hell, and the sooner the better, for all the worlds decent humans.
There were ulterior motives for the killings and the first farmers killed were targeted, as most Zim residents know. Maybe someday the truth will be told.
Cheers to that. Many a good man has left Zim, uprooting his family and taking big financial losses in order to escape the lunacy of those deadly policies.
BH63
Hunting buff is better than sex!
17 March 2016, 20:37
BuffHunter63GerogeS,
Zim dollars! Ha! Ha!
Are they worth anything on today's market?
BH63
Hunting buff is better than sex!
22 March 2016, 18:31
MikeBurke http://news.yahoo.com/cant-pay...33858--business.htmlShocking revelation
Zimbabwe's plan to win back international funding by paying compensation to white farmers forced off their land faces a major snag: the black farmers expected to stump up the cash say they don't have it.
The new occupants working the land, many of who had few farming skills when they were resettled, say they can barely make ends meet, let alone pay an extra levy.
Their agricultural output is a fraction of the level seen before 2000, when President Robert Mugabe - saying he sought to correct colonial injustices - introduced land reforms which led to thousands of experienced white farmers being evicted.
23 March 2016, 07:40
lavacaYeah, a real shocker. Farms that fed a good portion of Africa are no longer productive enough to pay even a meager amount of "compensation" to the farmers who built them.
23 March 2016, 09:52
crbutlerSimple, they will pay in Zim Dollars...
23 March 2016, 21:30
Kathi http://www.moneyweb.co.za/news...o-blacks-by-april-1/Zimbabwe says companies must sell shares to blacks by April 1 Companies told to comply or close shop.
Brian Latham and Godfrey Marawanyika, Bloomberg | 23 March 2016 13:55
Zimbabwe will shut down foreign-owned companies on April 1 if they don’t comply with a law that requires them to sell or cede 51% of their shares to black Zimbabweans, Indigenisation Minister Patrick Zhuwao said.
“Comply by that date or close shop, comply by that date or face the full wrath of the law,” Zhuwao told reporters Wednesday in the capital, Harare.
The announcement by Zhuwao, President Robert Mugabe’s nephew, appeared to end a debate within the cabinet over the scope of the empowerment law, which was passed in 2010 and applies to foreign-owned and white-owned companies. While foreign mining companies had to cede a 51% stake to black Zimbabwe, Finance Minister Patrick Chinamasa suggested two years ago that the percentage might be changed for other industries.
The International Monetary Fund urged Mugabe’s administration this month to clarify its policy on black empowerment. Zimbabwe, which sits on the world’s second-biggest deposits of chrome and platinum after South Africa, has said it will repay at least $1.8 billion in debt to the IMF and other multilateral lenders by the end of June as part of its effort to re-engage with the Washington-based fund and to be able to obtain fresh loans.
Mining companies active in the country include Impala Platinum Holdings and Anglo American Platinum.
Kathi
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23 March 2016, 22:02
Cajun1956Hmm? I wonder if that Dangote fella will have to comply with Zimbabwe's indigenisation laws as well.
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Nigerian billionaire Aliko Dangote has announced plans to invest in Zimbabwe's power and mining sectors, saying he also intends to construct a 1,5 million tonne per annum cement grinding plant in the southern African country.
The richest man in Africa told delegates at the State House, where he paid a courtesy call on President Robert Mugabe, that he was awaiting the relevant approvals to set up the investments.
“We have already decided on multi-million investments in Zimbabwe in three sectors which are power, cement and coal mining. As soon as we get permits, we will hit the ground running,” said Dangote, whose net worth is estimated at $17,2 billion by Forbes magazine.
The mogul, who earlier in the day met several government ministers, also said Zimbabwe had promised to accelerate the licence and registration processes for the group to start operations “as soon as possible”.
The president of the Dangote Group, which has interests in cement manufacturing, food processing, oil and is gunning to buy English Premier League team Arsenal, is expected to start setting up the 1,5 million tonne per annum plant by the end of the first half of 2016.
Dangote Industries is also expected to invest in Zimbabwean power generation through Black Rhino Group, a $5 billion African infrastructure fund in which US private-equity group Blackstone Group LP is a co-investor.
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