The economic and social injustices of the Apartheid system has led to many people in South Africa having limited access to opportunities which included legally-validated access to land with title deeds. It is currently estimated that there are between 5 and 7 million properties (especially in townships) without title deeds, with almost 20 million South Africans living insecurely in these homes.
Two private institutions making a difference by empowering underprivileged households with title deeds are Free Market Foundation through the Khaya Lam Land Reform Project, in partnership with Private Property.
The handover of 30 title deeds will take place on the 11th of July at 10AM at the Master Nakedi Sports Centre in Tumahole (Parys).
Since 2010, the Khaya Lam project has handed over more than 6000 title deeds to deserving households. The mayor of Ngwathe Municipality, Ms Joey Mochela will be the guest of honour, there to witness this historic handover. Elderly beneficiaries accompanied by younger relatives will all gather to receive title deeds and bear witness to the power of a private sector charity driven initiative.Why does a title deed matter?
Importance of a title deed
- A title deed defines proof of ownership and details of the property.
- If the owner of the property decides to sell their property, the original title deed is required when registering a property.
- A title deed can be used as collateral to secure a loan with a bank for home improvement or even business purposes.
- Households with secure tenure of the land can easily make improvements and develop their households knowing fully well they won’t be displaced.
- Title deeds contribute towards the asset increase of neighbourhoods which in turn attracts developers and investors who monitor growth of areas.