Today, the Western Cape Government received 71 title deeds from First National Bank (FNB), as part of the housing subsidy initiative for financially distressed customers. This initiative is a collaboration between the Western Cape Department of Infrastructure, FNB, DTB Incorporated; and is run under the careful supervision of Project Manager Deon Van Deventer.
The project aims to assist financially distressed homeowners by utilising approved housing subsidies to settle outstanding loan amounts, enabling the cancellation of bonds and the issuance of title deeds. This intervention provides financial relief to beneficiaries, ensuring they gain unencumbered original title deeds.
The beneficiaries are from key areas within the City of Cape Town, including Bellville, Blue Downs, Goodwood, Grassy Park, Khayelitsha, Kleinvlei and Mitchells Plain, as well as areas outside the metro, including Worcester, Pacaltsdorp, Riversdale, Stellenbosch and Wellington. The 71 beneficiaries will receive their title deeds in person in due course.
Western Cape Minister of Infrastructure said, “This joint venture between the Department and FNB supports 224 potential beneficiaries. This is a major breakthrough in accelerating the delivery of housing opportunities to beneficiaries, especially regarding our efforts to not only deliver housing units to beneficiaries, but to also make them the official owners of unencumbered properties.”
Among the title deeds to be handed over, the oldest bond cancelled was for a property purchased in 1985, while the oldest client assisted through this initiative is 83 years old.
To date, the Department has approved 113 applications, of which 41 applications are being processed by the Department.
Ministers Simmers added, “I wish to thank FNB and all other stakeholders involved for partnering with us and for seeing the need to accelerate housing delivery in the Western Cape. This initiative underscores the Western Cape Government’s commitment to providing housing security and financial relief to vulnerable homeowners.”
Toy Town
Fun South African Fact: South Africa is part of BRICS.
Patton Digger
So I\’m real good friends with this guy named Juan Ted. Now, Juan is a pretty astonishing guy. He can steal ANYTHING he wants to. Literally anything. It could be the shirt off your back, the wallet in your pocket, or I\’m even sure he\’d find a way to steal your house (And your spouse too). So anyway, one day Juan and I are sitting around watching TV, and they announced that the hope diamond will not be on display anymore and is now getting moved to an undisclosed location. So as we hear this, Juan says \”I\’m gonna steal it\”. Now I know how good Juan is at this kind of stuff, so I just tell him good luck and he goes on his way. Eventually he narrows his search down to a small cave in South Africa. When Juan gets there, he doesn\’t see any guards or anything outside the cave, so he just walks in assuming he was wrong about where the diamond was. He wanders around for a while until he sees a long lit hallway with the hope diamond at the end of it. Confident in his abilities, he strolls over to the diamond and picks it up before realizing its a trap! Suddenly, red lights flashed, armed men came running out, sirens went off. You could hear one of the men say under his breath \”We finally caught Juan Ted.\” But Juan, being the best thief in the world, said \”Not quite. On the count of three, I will disappear.\” As the men looked around confused, Juan began to count. \”Uno. Dos.\” And he disappeared without a tres.