Land expropriation: Zimbabwe will pay R500 billion to white farmers

Land expropriation: Zimbabwe will pay R500 billion to white farmers

- Zimbabwe has announced that it has agreed to pay R500 billion in compensation to white farmers

- The intention of this move is to resolve division after the land was expropriated without compensation to resettle black families

- However, the embattled country says that it doesn't have the funding and will instead look to other means of financing this move

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Zimbabwe has agreed to pay R500 billion to white farmers in compensation for the land expropriated by the government under the reign of Robert Mugabe.

In the same breath, the country isn't financially capable of forking over the steep sum and will be issuing long term bonds and approaching donors with farms to raise capital.

Over 20 years ago, the government had overseen the controversial evictions of 4 500 white farmers, handing the land over to around 300 000 black families in an attempt to rectify colonial injustice.

The agreement was signed at President Emmerson Mnangagwa's office in capital Harare, agreeing that the farmers would be compensated for infrastructure on the land and not the land itself.

At this stage in time, the details of the sums allocated to each farmer remain unclear, but the government has committed to assisting the elderly first.

Mnangagwa said the move would go a long way towards making amends. Image: Zimbabwe Government
Source: UGC

READ ALSO: Ex-president Thabo Mbeki calls for the ANC to be committed to renewal

President Mnangagwa admitted that while land reform couldn't be undone, compensation was vital in a bid to make amends.

Meanwhile, reported that Thabo Mbeki joined the nation in bidding late struggle veteran Andrew Mlangeni farewell during the funeral service on Wednesday.

The ex-president addressed attendants from his home, calling for change within the ANC in order for SA to progress:

“It will not be possible to deal with all the challenges our country faces, including the matter of ethical leadership, unless we renew the ANC, as was called for by the 54th national conference. If we do that, this should be a very good farewell and a good memory to such an outstanding leader as Mlangeni was.”

Mbeki says that Mlangeni had been concerned about the future of the party before his passing:

“He was very concerned about his movement, the ANC. He was concerned about what is happening in our country with regards to the revolution for which he sacrificed his life. He was concerned there was a loss of confidence in the ANC because of corruption, nepotism, arrogance, manipulative organisational principles and abuse of state power."

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