Speech by the City’s Executive Mayor, Patricia de Lille, at the handover of title deeds to Lagunya shop owners on 25 February 2014 Members of the Mayoral Committee Members of the Steering Committee Councillors Lagunya Business Association Honoured guests Ladies and gentlemen Good morning, goeie môre, molweni, as-salaam alaikum, shalom. The City of Cape Town is committed to building an opportunity city, where all residents are given the means to reach their full potential and become full and productive citizens. But in creating opportunity, we have to look deeper than networks; to the foundations upon which any network is built. We have to consider the foundation of any society where people have economic freedom and economic choices. It is the foundation of ownership. Many of our residents are already owners in our economy. Many of our poorer residents, however, are not. And at the individual level, in most cases, the major asset from which all other opportunities can be leveraged is the home or small business premises. That is why we have been providing title to qualifying beneficiaries, to expand opportunity to poorer residents. Indeed, I believe that there is arguably no single intervention that holds the greater prospect of changing the lived reality of poor residents than the provision of ownership. Having title to property is a fundamental requirement of a free market system, as it allows an owner to derive an income and to access capital. Title enables recipients to start or expand a business venture, which in turn enables them to derive an income stream and help create jobs. The City is driving this process in numerous ways, both relating to public housing and in empowering small business owners. These are signature projects of our goal to drive reconciliation through redress programmes in the City of Cape Town. In terms of public housing, we have three streams. Firstly, we are ensuring the transfer of title in new housing projects, with recent significant successes including Kewtown in Athlone and Kuyasa in Khayelitsha. Secondly, a separate process has seen the City focus on affording ownership to qualifying beneficiaries in existing housing. The third process is specifically focused on redress, where the City is transferring title to beneficiaries in historical housing projects, where these housing projects were completed more than ten years ago. Today, however, we wish to add to our successes in public housing by broadening the scope of ownership to small business owners. These business owners already drive economic activity in their communities and it is our duty to empower them further, where we can. Today’s beneficiaries have travelled a long journey to finally realise the benefits of ownership. Under the previous dispensation, they were issued with permits to become tenants of their business premises. This particular regime saw the State maintain ownership and allow people temporary leases. This theme is something we are familiar with in our history: the previous regime withholding ownership rights from the majority of our population in accordance with their unjust racial reservation policies. In the years that followed, a great deal of government restructuring took place and many of these outstanding issues became the victims of administrative reconstructions. Bureaucracy is tedious at even the best of times and it was made so much worse when replacing one bureaucracy with another. This affected business owners, the Lagunya shops, in Langa, Gugulethu and Nyanga. The history of the finalisation of title deeds for the Lagunya shops is a reminder of our divided past. Today we mark the beginning of a new chapter for the Lagunya shop owners and I want to thank them for their patience in working with us. After a process of reviewing the leases, writing off debt incurred, subsidising transfer costs and resolving title disputes, we are in a position to hand over 40 title deeds as of today. I think that this is a proud day for reconciliation and redress of the past in Cape Town. In conclusion, we are working to broaden the base of opportunity in this city, especially in terms of our infrastructure investment. But the greatest investment we can make is in our people, especially by giving them ownership. This makes economic sense. It makes financial sense. It makes business sense. But whatever else it does, it is the right thing to do. Thank you, baie dankie, enkosi.