The Centre for Affordable Housing Finance in Africa (CAHF), research consultancy 71point4 and blockchain developer Seso Global have launched a pilot for property registry in South Africa. The trial involves about 1,000 government-subsidized properties in Makhaza, Khayelitsha in Cape Town which are yet to be on entered on the deeds registry.
South Africa is facing a land titling problem. The government has built millions of houses under the Reconstruction and Development Programme (RDP), a socio-economic policy implemented by the African National Congress in 1994. CAHF said less than two-thirds of these houses have been registered even after being handed over to the owners. In the absence of title deeds, the beneficiaries are unable to get mortgages and other benefits.
Registering these properties long after the handover is a complex process, as the original beneficiaries may no longer live there. Some are deceased, some have tenants, while others have sold their houses informally.
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