IN BRIEF - PROPERTY.

IN BRIEF Emerging middle class finding new homes CHANGE More than 50000 former township and lower income bracket residents are moving annually into what were formerly exclusively white areas and, although this process has been slowed by the recession, it still represents one of the most fundamental changes ever seen in South African society. Rawson Properties MD Tony Clarke says banks' apparent willingness to give 100% loans to the emerging middle class is a timely and welcome move. It is likely, he says, to revive what two years ago was becoming a strong demand for home ownership and help the state foster the all-important savings culture that is crucial to the establishment of a …