Question NW98 to the Minister of Human Settlements, Water and Sanitation
13 March 2020 - NW98
Gondwe, Dr M to ask the Minister of Human Settlements, Water and Sanitation
What (a) progress has her department made in implementing the Title Deeds Restoration Programme and (b) has been the impact of the specified programme?
Reply:
(a) The Title Restoration project has delivered 270 820 title deeds to the rightful beneficiaries, between 2014 and December 2019.
(b) The impact of the Title Restoration Project lies in the value of a title deed, which serves as the owner’s proof of ownership.
(i) It protects individual property rights
(ii) It facilitates market and financial transactions through leveraging the property to access housing finance, enables asset building and formal property transactions.
(ii) Title deeds provides individuals with an address and adds to the rates base of municipalities
(iv) Title deeds enable ownership of the property to pass on to family members in the event of death.
(v) Providing title to state-subsidised properties opens new secondary property markets to banks, lenders and estate agents.