JOHANNESBURG - The provision of adequate and affordable housing in South Africa still remains a challenge and with home loan rejections averaging at a rate of 68 percent exacerbating the level of inequality in country ranked among the most unequal countries in the world.
READ: Interventions to redress inaffordability of houses for middle income families
According to the Office of Disclosure, the average home loan approved per historically disadvantaged persons was just over half a million compared to previously advantaged persons at an average mortgage value of R2.5-million.
Dr Tshifhiwa Mphigalale, the deputy chairperson of the Office of Disclosure, discussed this with eNCA.