$53 Million Set Aside Towards Compensation Of White Former Commercial Farmers

The Minister of Finance and Economic Development Mthuli Ncube said that the government has set aside $53 million for the compensation of white former commercial farmers. He said this while presenting the 2019 national budget in Parliament in Harare on Thursday. he said

In the interim, the 2019 Budget proposes to avail US$53 million towards payment of compensation to former white farm owners, whose disbursement will be targeted. The government has put in place structures to determine the extent of Government’s obligations. This work is on-going and will be finalized in the next few months… Cognizance is being given to the fact that the resources required to compensate and put closure to this important issue, are obviously beyond the capacity of the fiscus. In this regard, various mobilization strategies and finance mechanisms are being explored in consultation with all stakeholders.

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Mthuli Ncube

Professor Mthuli Ncube is the Minister of Finance and Economic Development.He was the Chief Economist and Vice President of the African Development Bank ,financial, economics, investment, and public policy expert, entrepreneur and academic. Professor Ncube divides his time between the private sector in Switzerland and... Read More About Mthuli Ncube

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