Keep the change.
Posted on 07/30/2020 1:58:44 PM PDT by Roman_War_Criminal
HARARE (Reuters) - Zimbabwe agreed on Wednesday to pay $3.5 billion in compensation to white farmers whose land was expropriated by the government to resettle black families, moving a step closer to resolving one the most divisive policies of the Robert Mugabe era.
But the southern African nation does not have the money and will issue long term bonds and jointly approach international donors with the farmers to raise funding, according to the compensation agreement.
Two decades ago Mugabe’s government carried out at times violent evictions of 4,500 white farmers and redistributed the land to around 300,000 Black families, arguing it was redressing colonial land imbalances.
The agreement signed at President Emmerson Mnangagwa’s State House offices in Harare showed white farmers would be compensated for infrastructure on the farms and not the land itself, as per the national constitution.
(Excerpt) Read more at reuters.com ...
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They need the farmers back or else they starve
Reparations to the victims who are still alive. That’s the way you do it.
“Please white farmers, come back to work the land. Here’s some money to buy it all back...”
Keep the change.
“Land reform” that changes your country from being the breadbasket of Africa to a country that cannot even feed its own people. I wonder if this is a “fairness” policy that some would like in the USA.
The bad news: $3.5 billion Zim dollars will only buy one new wheelbarrow.
Kathy Buckles? Anyone. I think that was the FReeper handle.
A lot of those farmers were welcomed into Zambia, and were doing quite well, perhaps that explains the change of heart.
From the article:
“But the southern African nation does not have the money and will issue long term bonds and jointly approach international donors with the farmers to raise funding, ...”
The market value of a long term Zimbabwe bond must be essentially zero.
The check is in the mail.
Dr. Evil is impressed.
They must have thought everything magically grew without any work..Boy were the black farmers surprised......Any white farmer would be nuts to go there again....They could turn any time and you end up dead....
With what?
$3.5 Billion.
LOL
In what currency, pray tell?
“...jointly approach international donors with the farmers to raise funding, ...”
From China, no doubt.
Cathy Buckle..Her last post was july 2014....Nothing since then
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