Gvt signs US$3.5 billion compensation agreement with white farmers

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By Staff Reporter

 

The Minister of Finance and Economic Development Professor Mthuli Ncube, on behalf of Government, will today officially sign a US$3.5 billion compensation agreement with former commercial farmers. The agreement will also be signed by the Commercial Farmers Union (CFU), Southern African Commercial Framers Alliance (SACFA) and Valuation Consortium (Pvt) Ltd.

 

Dubbed the Global Compensation Deed, the agreement will facilitate the payment of compensation to former white farmers for improvements on their former farms. The compensation is not for the land itself.

 

More details to follow

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