n IMFO : Official Journal of the Institute of Municipal Finance Officers - Government 'must help unlock wealth in township' : newspaper extract
|Article Title||Government 'must help unlock wealth in township' : newspaper extract|
|© Publisher:||Institute of Municipal Finance Officers (IMFO)|
|Journal||IMFO : Official Journal of the Institute of Municipal Finance Officers|
|Publication Date||Spring 2005|
Extracted from text ... GOVERNMENT intervention is needed to stimulate the residential property market in townships, says property economist Francois Viruly. The state had an important role to play in sorting out land owner-ship and access to title deeds, Viruly said yesterday. "Government must create an enabling environment for property transactions in township areas that will allow the property market to function efficiently. In certain areas or townships it's not clear who owns what, " he said. Allowing more people to use their property to raise capital is a key to boosting economic growth. Last year a study found that although 20% of ..
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