"We Initially Agreed On US$5.2 Billion," Former White Farmers Speak On Compensation
The majority of former white farmers who lost their land during the fast track land reform programme two decades ago has reportedly accepted the US$3.5 billion compensation for improvements they made on farms.
Of about 3 000 farmers who voted in the referendum, about 94 percent accepted while the rest is said to be opposed to the idea saying the amount is not commensurate with improvements made on the farms.
The Herald reports that former commercial farmers’ representatives, Mr Harry Orphanides said there were several discussions which led to a referendum where the majority voted in support of the Government’s offer. Orphanides said:
The $US3,5 billion was an offer the Government put on the table. The global position agreed to between ourselves and Government value agents was $US5,2 billion.
At first we did not agree on the figure as they had excluded biological assets. We later went into the negotiation period of the compensation and at the end of the day the Government put on the table a figure of US$3,5 billion and we took it to our members…
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The controversial issue has divided the nation with some saying there should be no compensation while some are concerned about the financial implication of the deal on the broke country.
More: The Herald
