Our Book

Charity

Khaya Lam (My Home) Land Reform Project
Conversion to freehold title in SOUTH AFRICA

Project manager: Free Market Foundation (FMF)


PROJECT OBJECTIVE
To have all local government-owned properties (approximately 5 million) upgraded to unambiguous, tradable and mortgageable ownership (full freehold title) at minimal or no cost to the lawful residents (currently tenants of the municipality).

This project envisages converting all local government-owned properties into full freehold. The project is truly historic. If successful, it will be the first ever large scale substantive project to undo the land disempowerment of apartheid still endured by millions of black South Africans. It will set a precedent for reform of its kind to continue in South Africa. Most of all, it will unlock the economic potential of thousands of householders, opening the door for large scale economic growth in Ngwathe and beyond. 

“It is hard to think of a single idea that would boost South Arica more than this project, which unleashes the wealth in land into the hands of the people, and, through them, into the economy at large.” – Leon Louw, FMF Executive Director

Peruvian economist, Hernando de Soto, said in his best-seller, The Mystery of Capital, that throughout the world, the poor may have wealth in the land but it is “dead capital” because possession is insecure.

Land reform is an essential prerequisite for a stable and prosperous South Africa. This project offers government and the private sector an opportunity to turn millions of black South Africans into home owners.