ShapeShifter

How to create a new, 12-million strong capitalist class with the stroke of a pen

(Click here for more "Shapeshifter" articles such as this one.)

“If we gave everybody who lives in an informal township title deeds to their home we would, with the stroke of a pen, make land owners of eight to 12-million South Africans,” says former Proudly SA CEO Leslie Sedibe.

Sedibe believes by giving title deeds to people who live in their homes government will have created the first building blocks of a brighter financial future.

“I was born in Alex so I know that it’s expensive to build a shack, believe it or not. Even so; if you wanted to start a business the bank will laugh at you if you offered your shack as collateral."

Sedibe mentions the work of famed Peruvian economist Hernando de Soto which analyses why some countries succeed at capitalism while others fail.

De Soto argues that success is not determined by cultural differences, but has everything to do with the legal structure of property rights. Developing nations such as South Africa must – just like every rich nation at an earlier point in their development – transform informal, extra-legal property ownership into a formal, unified and legal property system. In this way millions of poor people will, for the first time, have an asset that can be turned into real wealth.

(Click here for more "Shapeshifter" articles such as this one.)

Listen to the Soundcloud clip for more detail on Sedibe and his ideas on fixing what ails South Africa.


Recommended

by NEWSROOM AI
Read More
Zande provides credit via phone to spazas in the form of the goods they sell

Zande provides credit via phone to spazas in the form of the goods they sell

Bruce Whitfield interviews Siya Ntutela of Zande, a platform that allows small retailers to apply for credit and make payments.

Jerry Mpufane (M&C Saatchi Joburg) on his way to New York to sell South Africa

Jerry Mpufane (M&C Saatchi Joburg) on his way to New York to sell South Africa

The Money Show’s Bruce Whitfield interviews Mpufane before he heads to the Big Apple as Hub Head for SA Tourism.

The fascinating story of WeBuyCars (and why Naspers is pumping billions into it)

The fascinating story of WeBuyCars (and why Naspers is pumping billions into it)

The Money Show’s Bruce Whitfield interviews WeBuyCars founder Faan van der Walt for his weekly "ShapeShifter" feature.

Make money with farming (no land or dirty hands required)

Make money with farming (no land or dirty hands required)

Interested in farming as a "Hassel-free" side-hustle? The Money Show’s Bruce Whitfield interviews Grant Field, CEO at Fedgroup.

How RMB went from 'too poor to buy a photocopier' to the largest bank in SA

How RMB went from 'too poor to buy a photocopier' to the largest bank in SA

Bruce Whitfield sat down with GT Ferreira, Laurie Dippenaar and Paul Harris, the inspirational founders of Rand Merchant Bank.

Hedy Lamarr invented what became Wi-Fi. She's more famous for onscreen nudity

Hedy Lamarr invented what became Wi-Fi. She's more famous for onscreen nudity

You may not have heard of Hedy Lamarr, but you owe this 1940s Hollywood star a great deal.

Popular articles
Capetonians: Here's your chance to sort out your traffic fines in one fell swoop

Capetonians: Here's your chance to sort out your traffic fines in one fell swoop

Mayco member for corporate services Sharon Cottle explains the Traffic Fines Roadshow at the Cape Town Civic Centre this week.

Paramedics fear for their lives as attacks on EMS crews continue

Paramedics fear for their lives as attacks on EMS crews continue

An ambulance crew was held at gunpoint, assaulted and robbed of their belongings while on a call out in Khayelitsha.

DStv subscription price hikes for 2019

DStv subscription price hikes for 2019

MultiChoice will increase the prices of certain DStv packages from 1 April.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.