Media release: FMF Media Release: Khaya Lam Land Reform Project grants over 1000 title deeds since project inception

11 October 2016
Views 2 377


KHAYA LAM LAND REFORM PROJECT 

 NGWATHE MUNICIPALITY OF THE FREE STATE IN SOUTH AFRICA

 

Khaya Lam Land Reform Project grants over 1000 title deeds since project inception

The Free Market Foundation’s (FMF) Khaya Lam Land Reform Project announced today that 1000 title deeds have been presented since the project began in 2013. This equates to injecting an estimated R100 million of much needed capital into the local economy. The 1000 title mark was recently achieved through the generous support of Rising Tide Foundation (RTF), Switzerland.  RTF sponsored 100 fully tradeable title deeds, turning registered tenants into proud property owners.  This is a historic milestone in reversing apartheid-era housing conditions.RTF director Eveline Mumenthaler said, “At Rising Tide Foundation we are working for a better future, a future of greater freedom, opportunity and well-being. We believe that every one of us plays an important role in cultivating a rising tide of change and the Free Market Foundation’s Khaya Lam project brings real change to communities. We are thrilled to have been in a position to sponsor the transfer of 100 title deeds, and also to have been part of the process when the significant milestone of 1,000 title deeds transferred has been achieved”.

FMF director Jasson Urbach said, “Securing property rights is a concrete step towards creating a freer and more prosperous society. We are immensely proud of our project and rely on the generous support of individuals and foundations such as the Rising Tide Foundation to enable us to continue our work of ensuring that all municipal owned rental housing is transferred to its rightful owners.”

Under apartheid, black South Africans were forcibly removed from their land and were denied any opportunity to advance economically. Now, more than twenty years after apartheid ended, the majority of black South Africans still do not own property and remain tenants of the government. The FMF launched the Khaya Lam land reform project to fight this injustice and transfers title deeds from government to tenants. The FMF’s Khaya Lam project helps turn “dead capital” into “dynamic capital” by empowering individuals with a valuable asset – full unambiguous title to their home.  

About The Free Market Foundation (FMF):

For over 40 years the FMF has strived to defend and promote property rights, especially for black South Africans, who are a fundamental component of our free society. A title deed is a profoundly powerful tool, a game changer for millions of South Africa’s poorest citizens. The FMF’s goal is for all lawfully held plots in South Africa to be transferred to unambiguous, freely tradable and mortgageable ownership and to have this done at no cost, or low cost to the lawful residents.    There remain an estimated 5 million homes nationwide, crying out to be converted to full freehold title.

@FMFSouthAfrica

Ends

 



Comments on Media release: FMF Media Release: Khaya Lam Land Reform Project grants over 1000 title deeds since project inception