Billionaire Johann Rupert has recapitalised the Khaya Lam project through the Reinet Foundation and Remgro, helping expand a land reform initiative that has transferred 24,000 property title deeds to disadvantaged South Africans since 2013, reports say.
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Johann Rupert gives South Africans homes
Run by the Free Market Foundation (FMF), Khaya Lam converts apartheid-era municipal leasehold properties into freehold ownership at no cost to residents, giving families legal title to their homes and the opportunity to build generational wealth, Daily Investor reported.
Between 2018 and 2024, the Reinet Foundation and Remgro each donated R25 million, funding more than 18,000 title deed transfers. The FMF said Rupert’s latest financial support will enable the programme to continue assisting thousands more South Africans.
Johann Rupert has recapitalised the FMF’s Khaya Lam land reform project, helping thousands more underprivileged South Africans gain access to land and housing.
The project has already completed more than 24,000 title deed transfers.https://t.co/48AX8zMYon
— Free Market Foundation (@FMFSouthAfrica) July 2, 2026
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FMF CEO David Ansara said secure property rights are essential to reducing poverty and promoting dignity, while Khaya Lam head Terry Markman highlighted the case of a 106-year-old woman who recently received the title deed to her home after decades without legal ownership.
“The Khaya Lam project seeks to ensure that all South Africans, regardless of race or income level, are invested in a policy environment where private property rights are secure from state interference,” the report quoted Ansara as saying.
“Insecure tenure has historically been one of the main causes and drivers of the immense poverty our society suffers from. Dignity is out of the question when the place in which you live is not securely yours.”
According to The South African, Rupert’s net worth fluctuates with market performance, but Bloomberg’s Billionaires Index currently estimates his fortune at nearly $20 billion following a recent surge in Richemont’s share price, cementing his position as South Africa’s richest resident.
Originally published by African Insider.
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