Monday, 28 November 2011

Wichts: Early Cape Town Landlords

I have over the years heard many stories about the Wicht Cape property empire of the 1800's, in particular, their reputation as "slum lords" of Bree Street and District 6. Indeed, I recently read  an article where JAH Wicht (1808-1867) defended themselves from such accusations and made the claim that they are  "not the kind of landlords who charge high rents". Of the few remaining street signs still up in District 6, one still reads "Wicht Singel".

I recently came across the book Cape Town: The Making of a City and pulled out the following extracts.

What was particularly interesting to me was how their fortunes were build on owning slaves prior to emancipation.

"Economically the Dutch flourished under the British as they could not under the monopolistic and moribund VOC. Many were slave owners themselves and they profited even from emancipation. The fortunes of Dutch businessmen in Cape Town had been laid during the 1830s and 1840s when they acted as moneylenders to their compatriots on the security of slaves! Cape Town’s Dutch slave owners were not neglected when compensation was paid. RM Brink and JJL Smuts were both members of the slave compensation board while Smuts, acting with Hamilton Ross, was an agent for the payment of compensation money, along with Servaas de Kock and J.H. Hofmeyr. Slave compensation money was frequently invested in property to house the newly liberated population.

The Hon. J.H. Wicht 
1808-1886
The brothers JH and JAH Wicht were outstanding examples of moneylenders turned slum landlords. JAH Wicht also reinvested slave compensation money in business. Of the six companies formed in 1838, three were dominated by Dutch shareholders - De Protecteur Fire and Life Assurance Co. (chairman, JH Hofmeyr), the South African Bank {chairman, F.S. Watermeyer) and the Board of Executors (chairman, the Hon. H. Cloete). The improved financial status of these Dutch businessmen gave them a sound economic basis for their hid for political power in succeeding decades. To judge from the records of such institutions as the Board of Executors, ‘old` Cape Town families like the Hofmeyrs and the Hiddinghs retained their economic position in the town into the twentieth century. The first English-speaking chairman of the Board of Executors, the lawyer WI Moore, was appointed only in 1903, at which time the directors were still substantially Dutch speaking.

Johan Andreas Heysze
1806-1861
The most prominent of all Cape Town's speculative builders was the Wicht family. Johan Andreas Heysze (JAH) Wicht (1806-1861) owned 145 houses by 1850, while (Johan Hendrik) Wicht (1823-1907) had 30-40 and Johan Coenraad (JC) Wicht (1814-1878) had 11, all mainly in a band starting at Napier Street and ending in New Church Street. Here JAH Wicht had about 40 houses with 19 in Buitengracht Street and 7 in Buiten Street. He also had 17 in Vandeleur Street and interests in District Six. By the early 1860s the family holdings had increased. JAH Wicht now had 340 houses, of which about 106 were in District Six. He had been building at least 20 a year for the last decade. JH Wicht now owned about 40, all on the west side of the town, while JC Wicht had 80. 

All told, this made a family group of 460 houses. Typical of these properties was ‘Sebastopol’, nicknamed in reference to the notorious London tenements, consisting of a row of small, two-storeyed houses in Bree Street. Without water supply, sanitation or much refuse removal, such places were overcrowded and squalid in the extreme.

After JAH Wicht's death in the 1860s, the estate devolved on his children, Christiaan Lodewyk and Johan Andreas Wicht, who themselves had some 325 houses. These increased after the boom of the 1870s. By 1880 C. and Andreas Wicht owned 375 houses worth about £60,000 according to the municipal valuation, mainly in District Six. In the 1890s they began to sell their holdings and by 1896 they had a combined total of less than 70 houses."

According to "Ethnic Pride & Racial Prejudice In Victorian Cape Town" (Vivian Bickford-Smith) the Wicht family owned 12% of the Cape's housing stock in 1870.




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