R12,4 million boost for title deeds transfer enables redress, empowerment
13 December 2021
‘When we transfer title deeds, it is possibly one of the greatest methods to bring redress to our residents who were prohibited from owning property during the apartheid era. Title deeds, which is a means of proving formal ownership, can unlock economic opportunities and also ensure that there is an economic asset for benefit generations to come. Property ownership and the protection of private property are key pillars of our democracy and a means of helping to bring broad-based economic benefit and prosperity.
‘Apart from the current title deeds that are handed over to beneficiaries when they receive ownership of their State-subsidised homes, our focus continues to be on historic property transfers. Some of these are decades old. This has been a great task and has entailed individually tracking down the vast number of beneficiaries when, for instance, it was found that sale agreements were not signed, documents were missing, or application forms were incomplete.
It is often also a case of having to trace and track beneficiaries whom have long since left Cape Town and have gone to live in other provinces or ancestral homes. Sadly, a great number of beneficiaries are untraceable. Transferring ownership in historic housing developments is a challenge experienced across the country.
The City is however leading the pack with its dedicated programmes to restore ownership and deliver title deeds where possible. This financial boost will help it in its efforts to finalise the remainder of the historic title deeds that we are able to complete as well as cover the transfer and related costs for our beneficiaries,’ said the City’s Mayoral Committee Member for Human Settlements, Councillor Malusi Booi.