News / National
White farmers pin hopes on compensation talks
29 Jun 2018 at 08:04hrs | Views
Zimbabwe's former commercial white farmers are hoping that a new dialogue with the government over compensation for lost properties will succeed and help send a positive message to foreign investors over private property rights, a senior executive of the farmers' union said.
A majority of the affected farmers rejected previous compensation offers by government–limited to just investments - and were holding out for full payment encompassing land and improvements, according to the Commercial Farmers Union (CFU).
Only those facing extreme financial hardships or medical problems accepted the offers, which were between 10 and 15 percent of professional valuation of their properties, it said.
A majority of the affected farmers rejected previous compensation offers by government–limited to just investments - and were holding out for full payment encompassing land and improvements, according to the Commercial Farmers Union (CFU).
Only those facing extreme financial hardships or medical problems accepted the offers, which were between 10 and 15 percent of professional valuation of their properties, it said.
Source - Business Weekly
