Pistorius 'negotiating settlement'

Oscar Pistorius in the dock during his bail hearing in Pretoria, South Africa, in August. Picture: Themba Hadebe Source: AP

PARALYMPIAN Oscar Pistorius's lawyers are reportedly negotiating an out-of-court settlement with the parents of slain girlfriend Reeva Steenkamp.

The settlement could net them around 2 million rand ($209,000), News 24 reports.

Pistorius was charged with the murder of Reeva Steenkamp, after gunning her down in their Johannesburg home on Valentine's Day last year. Pistorius maintains his innocence, claiming he mistook his girlfriend for an intruder.

The sprinter will go on trial on March 3.

Steenkamp's parents are said to have been financially straitened since the death of their daughter and are running a pub outside Port Elizabeth. It is understood they purchased the pub with money paid for interviews by foreign media.

Grieving.. June Steenkamp, mother of the late South African model Reeva Steenkamp arrives at the crematorium building to attend her funeral ceremony on February 19, 2013.

The couple are unwilling to say how much compensation they are asking from Pretorius.

The 27-year-old Olympic runner faces a life sentence with a minimum of 25 years in prison if he is convicted on the main charge of premeditated murder in the shooting death of Steenkamp in the pre-dawn hours of Valentine's Day.

Pistorius denies murder and says he shot Steenkamp in self-defence through a toilet door with his licensed 9mm handgun, thinking mistakenly that she was a dangerous intruder in his upscale Pretoria villa.

Prosecutors believe he intended to kill her, possibly after a loud argument in the middle of the night.

Victim... Reeva Steenkamp was shot dead by Oscar Pistorius on Valentine's Day.

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