Blacks excluded from SA property boom

[dArKeR]

Legal and financial constraints are preventing millions of black South African township residents from capitalising on their properties, a new study has found.

Research conducted by Shisaka Development Management Services, based in Johannesburg, indicated that homes in black townships are worth an estimated R68,3-billion, but the use of residential property to create wealth remained limited.

"Households are generally unable to leverage capital using their property as collateral and are not making use of such property to generate income, either through rental or the use of the property for business purposes," the report noted.

http://www.mg.co.za/Content/l3.asp?ao=117378