South Africa hastens title deed handover to poor homes

JOHANNESBURG – South Africa’s Treasury plans to speed up the transfer of ownership of homes worth 180 billion rand ($15 billion) to about one million poor people from April, granting them access to assets that could be sold or used as collateral, it said on Tuesday.
Broadening access to affordable housing for black communities trapped in squalid shanty towns has been a government priority since the end of apartheid in 1994, but shoddily-built homes and corruption has hobbled delivery, leading to violent protests around the country.
Ahead of next year’s national elections, land and property ownership in Africa’s most industrialized economy is …read more