FNB Property Barometer – Home buying by age group
FNB - South Africa
Younger age group buying has risen in prominence post-2008 recession, as 1st time buyers make a come back, but watch the “oldies” in the tougher times as an indicator of how tough the times are.
FNB Property Barometer_Home buying by age group - August 2011
Land reform proposals run into heavy fire
BusinessDay - South Africa
Legislation ‘unlikely’ to pass constitutional muster if enacted
CAPE TOWN — The role of the judiciary may be infringed and the willing buyer, willing seller principle in land transactions has been effectively abandoned in the green paper on land reform.
Legislation emanating from the green paper, made public yesterday, is unlikely to pass constitutional muster if it vests powers currently held by the courts in the Department of Rural Development and Land Reform.
Even within the government reaction to the paper was swift and negative. Deputy Minister of Agriculture, Forestry and Fisheries Pieter Mulder warned the paper could have unintended consequences for SA’s food security.
The paper proposes two powerful institutions, the Land Management Commission and the land valuer-general. The commission will have the power to validate title deeds, seize or confiscate land and set property values.
Green paper on Land Reform, 2011
The resolution of the 52nd National Conference of the ANC (December 2007) on agrarian change, land reform and rural development, confirmed the ANC’s acute awareness and sensitivity to the centrality of land (the land question) as a fundamental element in the resolution of the race, gender and class contradictions in South Africa. National sovereignty is defined in terms of land. Even without it being enshrined in the country’s supreme law, the Constitution, land is a national asset. This is where the debate about agrarian change, land reform and rural development should, appropriately, begin. Without this fundamental assumption, talk of effective land reform and food sovereignty and security is superfluous! We must, and shall, fundamentally review the current land tenure system during this Medium Term Strategic Framework (MTSF) period. This we shall do through rigorous engagement with all South Africans, so that we could emerge with a tenure system which should satisfy the aspirations of most, if not all, South Africans, irrespective of race, gender and class.
The strategy of the Department of Rural Development and Land Reform is, fittingly, ‘Agrarian Transformation’ – interpreted to denote ‘a rapid and fundamental change in the relations (systems and patterns of ownership and control) of land, livestock, cropping and community.’ The goal of the strategy is ‘social cohesion and development.’ All anti-colonial struggles are, at the core, about two things: repossession of land lost through force or deceit; and, restoring the centrality of indigenous culture.
That is why colonialists targeted land to subdue conquered populations, in order to turn them into vassals and slaves. Their next target was the people’s cultural practices, especially cross-cutting cultures, which served as a nexus holding together multi-cultural communities into single coherent societies, despite different cultures. Ubuntu or human solidarity is such a cross-cutting culture in the case of African societies. It is the over-arching way of life of the African people (consider the following two Xhosa expressions of ubuntu: (i) Nongenankomo uyawadla amasi; (ii) inkomo yenqoma, yintsengw’ibhekwa), which is integrally linked to land.
Green paper on Land Reform
FNB Property Barometer - August 2011
FNB - South Africa
Mixed signals at present, with August FNB House Price Index year-on-year growth rising, but month-on-month growth and FNB valuers’ suggesting loss in growth momentum.
FNB Property Barometer_August 2011 House Price Index