Title deeds restored

2016-04-20 06:00
THE partnership to curb title deeds backlog through education was sealed during a meeting between the Chief Executive Officer of the Estate Agency Affairs Board (EAAB) and MEC for Cooperative Governance, Human Settlements and Traditional Affairs, Alvin Botes. Photo: Boipelo Mere

THE partnership to curb title deeds backlog through education was sealed during a meeting between the Chief Executive Officer of the Estate Agency Affairs Board (EAAB) and MEC for Cooperative Governance, Human Settlements and Traditional Affairs, Alvin Botes. Photo: Boipelo Mere

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MORE efforts are being made by the Department of Cooperative Governance, Human Settlements and Traditional Affairs (Coghsta) to restore human dignity and asset accumulation in an effort to empower people.

The efforts are being made through Coghsta’s partnership with the Estate Agency Affairs Board in terms of the Title Deed Restoration Project.

According to the department, an amount of R11 million has been set aside for the title deeds restoration project for the province.

The implementation plan has been spread over three years to eradicate the title deeds backlog of 2016-’17 by 2019.

The costs are set to increase on an annual basis.

The partnership was sealed during a meeting between the MEC for Cooperative Governance, Human Settlements and Traditional Affairs, Alvin Botes, and the chief executive officer of the Estate Agency Affairs Board (EAAB), Bryan Chaplog, on Wednesday, 6 April. The meeting focused on the growing number of beneficiaries of state- subsidised housing who are not in possession of title deeds.

The partnership will enable the state to maintain a cadastre and deeds registry which has integrity, credibility and economic value and can thus convert dead assets into investment assets.

According to a statement from Coghsta Northern Cape, recent reports from the housing subsidy system indicates that it has a backlog of 21 160 for post-1994 properties.

The statement from the media liaison officer, Xhanti Teki, indicated that pre-1994 stock was estimated at 3 705, but this figure might increase due to many “older” areas currently being formalised post-1994. The backlog presented to the National Department of Human Settlements in the implementation plan currently stands at 24 865.

In order to fast-track and monitor the Title Deed Restoration Project, the department and all the municipalities have appointed dedicated conveyancers to complete the process.

Botes revealed that 2 829 title deeds were currently in office and ready for handover.

The Estate Agency Affairs Board’s role in terms of the Title Deed Restoration Project is to secure tenure and clear property rights for the housing beneficiaries.

This is in order to improve their economic participation in the property market as a means of poverty alleviation and wealth creation.

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