Chronicle Editor
GOVERNMENT will in the near future consider repossessing underutilised farm land and allocate it to other potential beneficiaries, Lands, Agriculture, Water and Rural Resettlement Minister Perrance Shiri has said.
Minister Shiri indicated that Government had operationalised a wide range of schemes that farmers could choose from to make sure that the redistributed arable land is productively put to use for the country’s greater economic benefit.
Notable among the schemes was the recently relaxed joint venture scheme where the farmer can partner with a willing investor on agreed terms and conditions.
The All Share index closed the week on a positive note adding 9.66 points (2,97 percent) to close at 334.69 points. Old Mutual Limited led the movers with a $1,1923 gain to close at $42,9780, Delta rose by $0,6044 to $5,2775 and British American Tobbacco traded $0,2500 higher at $66,2500. SeedCo also advanced by $0,1861 to $3,2008 and Padenga traded $0,1124 stronger at $4,5014.
Gains were offset by losses in PPC which decreased by $0,5000 to $4,5000, Dawn eased $0,0152 to end at $0,0750 and Econet was $0,0030 weaker at $2,1931. Cassava also went down by $0,0013 to $2,1972 and Willdale traded $0,0012 lower at $0,0350.
derick.khumalo