SPEECH BY LN SISULU MINISTER OF HOUSING AT THE

ANNUAL GENERAL MEETING OF THE BLACK

CONVEYANCERS ASSOCIATION

12 August 2006
Durban

_______________________________________________________________________________________________________

 

Ladies and Gentlemen: 

Allow me to congratulate and commend you on the decision, last year, to form the association.  

It was timely that such a decision be taken 

The period, as you know, in which you took this decision is one of incredible importance not only to ourselves but to future generation too. Thus, in an age where black leadership has been unleashed in various fronts of the continuing struggle for equality it can only be correct to affirm your decision as black conveyancers in this transformation.  

It’s a period where transformation is taking place in the entire spectrum of our society, you could not have been left outside of this. 

Significantly it is also a period where we in government are taking a step back to assess the impact of our policies on the lives of our people.  As we take stock, we have found a great many things we should have done, or should have done better.  We have recognised too a fact that is emphasised by yourselves that never before in the history of democracy that any ruling party enjoyed such a majority and that unless we utilise it effectively now to completely transform this country we might live to regret it.  We are glad that there are entities such as yourselves who will ensure that we are assisted in delivering this common goal.  As a representative of government, I confirm our support for you. 

A year after your successful launch you have showed real commitment to issues that are our core concerns. I am impressed in particular by the balance you strike between seeking and working towards a transformed legal profession and issues connected with the transformation of land ownership patterns and property relations. The key challenge of leadership within black institutions is precisely this: narrowly to address and end the marginalization of black professionals like yourselves whilst broadly looking at the whole of society with a view to effecting its restructuring and ensuring the broadening of the benefits that should accrue to the disadvantaged.   

It is not very often in the life of an individual that there is a convergence of timeliness and luck resulting in a happy outcome.  At least I can confess it doesn’t happen to me very often,  But it did last year September when the Black Conveyancers responded to my call for housing stakeholders to become part of the Social Contract.  You would not have known this, but I had been looking for you for sometime with quite a different intention.  I had wanted to understand the conveyancing world as that one missing link in our value chain.  In my own narrow mind this was an elusive group that fell outside of my own grasp. 

In the course of my search for yourselves, I know there needed to have been some recognized entity I should have been able to get in touch even if as a reference point, I couldn’t find one.  I don’t know even as I sit here now how it would have been possible to ensure compliance with our BEE regulations, what is the reference point for government to monitor compliance or even to check up on the pace of transformation.  Now that I have finally linked up with you, I am certain we will jointly attend to that which we jointly need to do to ensure your goals are achieved. 

There is thus no question or doubt that your association has a huge task to fulfill in the building of this country. I have noted that in your first year after formation in May 2005, you have entered into a number of agreements in line with your mandate and vision. I commend you for recognizing and claiming a role for yourselves.  

With the understanding that we have of the limited participation of black people especially African people in property markets, coupled with they disservice there has been. The need to transform the industry that it addresses the needs of the emerging or should I call it reemergence or development of “black property markets”, is a clear and present need.   

We cannot address or understand the drive of the institution such as yourselves and other similar institutions without reference to our past.  

Nowhere, has the raw impact of apartheid been felt as acutely as in the property relations.  As we fought apartheid we pointed out the fact that blacks only owned 13% of the land.  I was intrigued to find in your documentation, that this has only gone up to 15%.  Intrigued is the only word I could find that is palatable enough to express myself in genteel society. 

We can only understand land and property ownership patterns within this historical context. Being the Minister of Housing, I am as concerned about land ownership and the implications this has for home-ownership by our people. For land is the primary asset and tool to fight poverty. Yet, in our case, 85 percent of it still lies in the hands of a few. This is made even more complicated when we consider the impact this monopoly has on the functioning of land markets.   

In order to build a well functioning South Africa there needs to be transformation in all spheres of society. How can we be a democratic society and still live in an unequal environment where 11 percent of the population enjoy more than half of the country’s wealth and the remainder living with less than half of the country’s wealth?  

We can only talk of democracy when all industries and professions have been transformed to a point that where the ground is leveled and no member of society is prejudiced on the basis of their colour, or be denied access to services on the same basis; be it consciously or unconsciously.   

I am glad that the Black Conveyancers Association has already identified the need of this programme and has committed to the South African people that they will pioneer property rights awareness, culture and would serve to protect housing consumers or beneficiaries against many odds in the property markets.    

In this regard I would like to think that we can work on this in partnership.  I know a partnership with yourselves bodes well with me, especially when I read the following goal from your constitution:

Strategy 8 -  Develop a community outreach program aimed at educating community members about property ownership and financial responsibility

This is at the heart of my concern on the broader scale.  How to normalize the market sufficiently to convince the Financial Institutions that their risk assessment of previously disadvantaged communities is exaggerated. 

Secondly, to begin the impact on the process of asset creation for the poorest.  We are currently facing serious problems with thousands of our people who saw the opportunity of home ownership grabbed it and now stand to lose everything they have ever had because they either didn’t understand their financial responsibility or have been taken advantage of by the system that is not sensitive to their circumstance or problems.  They have lost their properties most of these sold for a song at an auction whose workings the poor do not understand.   

One final point, we have to fight discrimination and racism wherever it manifests itself. We took up arms against an oppressive system of  racism. Don’t let the sun go down on that fight which seems ever so gently to have been pushed to the back of our consciousness. It seems more acceptable to fight against gender discrimination than against racial discrimination. It seems much more fashionable to fight against corruption  than racism. You have your sums right or else our struggle would have been in vain.

I would appreciate your partnership.  It would take an enormous load and would provide our people with the kind of solid foundation we need to make of the responsible property owners.  I believe also that with this foundation we could change the culture of our people and thereby achieve a level of transformation never dreamed of.  

Again I cannot over emphasize my gratitude for your support of our Social Contract.  I would like to emphasize some of the issues we jointly committed ourselves to: 

1.  Assist government and relevant role-players to review and re-align policy, legislative and institutional frameworks to ensure speedy and affordable conveyancing/property registration processes.

 

2.  facilitate the simplification or processes and systems to enable potential beneficiaries of the Breaking New Ground (BNG) programme to fully understand and comprehend the benefits and obligations of the envisaged property transfer and mortgage bond transactions.  This would include to offer our services to our communities on their doorstep at that are convenient for them, even after hours and weekends.  Further to offer our services in their language of choice and to offer advice, training and education where necessary.

3.  Pioneer a property rights awareness/culture and serve as a buffer between beneficiaries of (BNG) and unscrupulous role-players in the industry.

4.   Offer our services in projects for the poorest of the poor for free.

5.  Offer the services of our members on national, provincial, regional and local level to all the role players and stakeholders in policy formulation, research, investigations in respect of any land or property related issue.

                        6.  Ensure the continuous commitment by our membership with the ethos, aims and objectives of the
                           Social Contract for Rapid Housing Delivery.

Additionally, I would like to confirm that the government commits itself to ensuring that all conveyancing work of the National Department of Housing will be reserved for members accredited to BCA and that this commitment will be encoded in the Financial Services Memorandum. 

As the Black Conveyancers Association celebrates and marks its first year of official existence, I do think I should urge you not too loose sight of the issues of concern, and that it should always be about the people. The mission of the BCA should be to uphold the framework of understanding that any “revolution which seeks to replace one social order with another is in essence concerned with the improvement of the human condition”, to quote the words of our President. It is not self-enrichment that drives revolutionaries.  

We should know that those who invest in the public good are forever remembered for their legacy.   

Together with the Department of Finance we contracted Finmark to do some elementary research for us, to ascertain the level of ignorance among our previously disadvantaged communities about the value of the property they have. That which the Peruvian economist, De Soto calls “dead assets”. We were amazed that from the old townships alone we could find close to 164 billion rand worth of property some registered and some unregistered, but essentially untapped as assets because our people are ignorant of the value they have and therefore unable to turn it into productive capital. Thus the secondary property market in this country remains dead. With your help, your professional expertise and your outreach programme we will unleash this potential and we could begin to see the beginnings of an economic growth that impacts on the very poor.

I am excited about the prospect of your work and basically I am excited about you. To give me hope that this country can achieve a great deal. Another study we commissioned on the spending patterns of black people came up with interesting yet very disturbing results. In short, it was found that the following are spending priorities of our people per household:

·        Cell phones

·        Payment of debts for Mashonisa

·        Furniture accounts ( Bears, Triangle)

·        Clothing account (Jet, Edgars, Foschini)

·        Groceries

·        School Fees

·        Funerals, weddings or bother functions

·        Transport

·        House (Bond repayment, rates, etc.)

That which in most societies would rank first, to do with an asset, among our people is beaten hands down by cellphones and Foschini. T   hat should be a worrying trend for us as a society. But we can change that and when we do, we will have gotten our people out of then spiral of poverty.   

So I do wish to also thank all those who have made it possible to establish your association and were key in operationalising it.  

Given the number of challenges you have such as financing I think that it would be necessary to consider a close alliance with different institutions with similar mandates such as yourselves, institutions concerned with property markets and land ownership.   

As a country we need to realize that Government is but one institution with the responsibility to reconstruct South Africa and that all of us from different spheres; with different talents and expertise, have to utilize those expertise in ways that combine efforts in this regard. It is only in that way that we can end the legacy of apartheid and honour the prescript of our Preamble of our Constitution when it enjoins all of us to ‘recognize the injustices of our past’.  

I thank you.