Friday, January 4, 2013

Zimbabwe: A change in policy ?

Eye Witness News ( Zimbabwe ) reports

Zimbabwean govt stops farm seizures

HARARE - Zimbabwe's government said on Friday it will not seize any more foreign-owned farms after losing multi-million-dollar compensation claims under a treaty aimed at protecting overseas investments.

I think the cartoon says it all.
President Robert Mugabe started giving white-owned farms to landless blacks over a decade ago, a policy that had the unintended result of devastating food output in a country that had been a regional breadbasket.
An estimated 4, 000 farmers were thrown off their land without compensation and, while efforts to get legal redress in Zimbabwe failed, some have successfully sued for compensation in international courts.
Successfully in this context means they got a judgement against the Zimbabwe government as far as I can see. The Harare line appears to be that Great Britain is the liable party. Maybe the British should pay up then invade Zimbabwe and take all of Mugabe and his cronies ill gotten gains as compensation for honouring his debt.  
Lands Minister Herbert Murerwa said that lawsuits brought by foreign investors at the Washington-based  had prompted a change in policy.
Really I doubt it. Policy is something governments have and government is not a a Zimbabwe policy option under Zanu-PF.  
A group of 40 Dutch farmers won a 25 million euro ($32.74 million) claim there against Zimbabwe in 2009 as their farms were covered by the Bilateral Investment Promotion and Protection Agreements (BIPPA).
"We have acquired many BIPPA farms, but we are not going to be taking any future farms," Murerwa told Reuters.
A policy document tabled by Mugabe's ZANU-PF party at its annual conference in December showed that out of a total of 153 farms protected by the treaties, 116 farms had already been seized by the government.
Why anyone would invest in Zimbabwe is beyond me. The Chinese do and Zimbabwe  Zanu-PF buy there instruments of mass oppression from the Chinese so I guess the Chinese have a measure of security not available to other investors.
The government had previously promised not to seize farms protected by BIPPA but continued to evict the farmers, citing Zimbabwe's constitution which allows authorities to take any land suitable for farming.
Justice for Agriculture (JAG), a group representing the dispossessed farmers, was sceptical about the government's policy change.
"It's ok to talk, but where is the action? They previously committed to stop disruptions on the farms but haven't done so. They have already taken more than two-thirds of BIPPA farms," JAG chief executive John Worsley-Worswick told Reuters.
Exactly. Mugabe and his merry men band of thieves have no intention of stopping farm evictions, home invasions, murders, rapes......  
"They just want to create a false perception that they will now respect property rights in order to attract investment. If they were sincere, they would have compensated the Dutch farmers back in 2009, when they undertook to pay within 28 days, but they haven't."
He said that last month a Dutch farmer was shot and injured on a BIPPA-protected farm.

1 comment:

  1. Quantum Binary Signals

    Professional trading signals delivered to your cell phone daily.

    Follow our signals NOW & profit up to 270% per day.