Chiyangwa demands $100 million compensation

Businessman Philip Chiyangwa is demanding over $100 million in compensation from residents settled at Odar Farm, popularly known as Southlea Park, according to figures he put as price for the land.

Chiyangwa's Sensene Investments flighted an advertisement in the media last weekend in which it pegged $50 per square-metre for high-density stands and $16 per square-metre for low-density stands.

Commercial and industrial stands would be charged between $100 and $250 per square-metre respectively.

With more than 6 000 residents settled on 200 square-metres in high-density stands, the figure translates to $10 000 per individual and $60 million rich pickings for Chiyangwa.

For a 2 000 square metre stand, an individual has to pay $32 000 at $16 per square metre. Residents were also asked to pay $150 as registration fee.

He will rake in about $40 million from those in low-density suburbs and commercial and industrial stands.