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Benchmarking Zimbabwe'S Global Compensation Agreement Against The Provisions Of Existing Laws Guiding Compensation For Expropriated Properties

Author

Listed:
  • Partson Paradza
  • Joseph Awoamim Yacim
  • Benita Zulch

Abstract

The government of Zimbabwe (GoZ) and former commercial farmers signed a highly celebrated historic Global Compensation Agreement in July 2020. This Global Compensation Agreement which is a product of the new administration was signed following adoption of a consensus-based compensation. Even though the Global Compensation Agreement document remains a guarded secret, parties to the agreement shared the process which resulted into the agreement and limited contents of the Global Compensation Agreement. Currently, no known study has been conducted to assess whether the process which was used to estimate the global compensation and the provisions of the Global Compensation Agreement comply with the provisions of the existing laws. As such, this study was carried out to close this gap and contribute to the existing debate on compensation expropriated for land reform in Zimbabwe. A desktop survey was used, and data were obtained mainly online. It was concluded that even though the Global Compensation Agreement was done as guided by the Land Acquisition Act (LAA) of 1992 and the Constitution of Zimbabwe (CoZ) of 2013, specially on the compensable heads of claim and the compensation period. However, an institutional framework which was used to arrive at the GCA seems to have deviated from the provisions of the same laws. This study was limited by unavailability of a copy of the Global Compensation Agreement document resulting in the researchers only using the little information which was published by parties to the Global Compensation Agreement. It is recommended that further research be done on the same area once the Global Compensation Agreement deed is published.

Suggested Citation

  • Partson Paradza & Joseph Awoamim Yacim & Benita Zulch, 2022. "Benchmarking Zimbabwe'S Global Compensation Agreement Against The Provisions Of Existing Laws Guiding Compensation For Expropriated Properties," AfRES 2022-058, African Real Estate Society (AfRES).
    • Handle: RePEc:afr:wpaper:2022-058
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    References listed on IDEAS

    as
    1. Partson Paradza & Joseph Yacim & Benita Zulch, 2019. "A Critical Review Of Property Valuation For Expropriation In Zimbabwe," AfRES 2019-090, African Real Estate Society (AfRES).
    2. Nicholas K. Tagliarino, 2017. "The Status of National Legal Frameworks for Valuing Compensation for Expropriated Land: An Analysis of Whether National Laws in 50 Countries/Regions across Asia, Africa, and Latin America Comply with International Standards on Compensation Valuation," Land, MDPI, vol. 6(2), pages 1-29, June.
    3. Mutema, Maxwell, 2003. "Land Rights and Their Impacts on Agricultural Efficiency, Investments and Land Markets in Zimbabwe," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 6(2), pages 1-15.
    4. repec:wbk:wbpubs:2653 is not listed on IDEAS
    5. Benita Zulch & Joseph (JA) Yacim & Partson Paradza, 2022. "Are former commercial farmers in Zimbabwe satisfied with the global compensation agreement?," Journal of Property Research, Taylor & Francis Journals, vol. 39(2), pages 97-119, April.
    6. Joseph Awoamim Yacim & Partson Paradza & Benita Zulch, 2021. "Examining Zimbabwe’s Expropriation and Compensation Process through the Lens of Procedural Fairness," AfRES 2021-024, African Real Estate Society (AfRES).
    7. Partson Paradza & Joseph Yacim & Benita Zulch, 2019. "A Critical Review Of Property Valuation For Expropriation In Zimbabwe," AfRES 2019-068, African Real Estate Society (AfRES).
    Full references (including those not matched with items on IDEAS)

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    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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