More blacks live in paid-up homes

2011-01-24 13:50

More blacks live in homes which are fully paid for than any other race group, the SA Institute of Race Relations said today.

“The relatively high home ownership figures for Africans, particularly in urban areas, are a triumph over laws such as the Natives (Urban Areas) Act of 1923, which sought to limit home ownership of this population group,” Kerwin Lebone, of the institute’s research department, said.

The study conducted by the institute found some 60% of black households in the country had fully paid up the homes in which they lived in 2009, compared to 46% for other race groups.

The institute said the higher home ownership figures for blacks could be explained by the transfer of government-subsidised houses.

In the country’s two most affluent provinces, Gauteng and the Western Cape, 34 and 42% of households respectively had fully paid off their homes.

The less wealthy Eastern Cape and Limpopo had higher home ownership figures, with 71% of households in both provinces having paid off their homes.

“The total number of households that owned and had fully paid off their homes, out of a total of 13.8 million South African households, was just over 56%. Out of the total fully paid homes, male-headed households made up 56% and female 44%.”

Seventy percent of all households headed by women had fully paid off their homes, while only half the households headed by men had fully paid up theirs.?

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