The figures do not show whether people are losing their
homes or whether there has been an increase in the number of households with
most not owning their homes.
The survey says in 2002, only 52.9 percent of South African
lived in their own fully-paid homes. This figure increased peaking at 61.4
percent in 2008 but declined to 53.5 percent in 2011 before increasing again to
54.5 percent in 2012 and 54.9 percent last year.
The survey showed that there were 15.1 million households in
South Africa last year and 8.3 million owned homes that were fully paid for.
Some 3.2 million were renting, while 1.9 million were living in rent free
homes. Another 1.4 million owned their homes but were still paying for them.
While the majority of South African households are living in
homes that have been fully paid for, figures from the National Credit Regulator
show that there are 20.64 million credit-active consumers and just over half
are in good standing.
The latest figures are for December last year and they show
that only 10.71 million consumers were in good standing. A staggering 9.93
million had impaired records with 2.6 million having judgments and
administration orders pending.
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