FMF NEWSLETTER 10 October 2019

 

FMF NEWSLETTER 10 October 2019   
 
ARTICLE of the week  

SA mining industry decimated by regulatory uncertainty EUSTACE DAVIE

Parliament should review the minerals and mining legislation and regulations as a first step towards having its members meet their obligations under the oath they swore to uphold the Constitution. Applying the rule of law would eliminate the unconstitutional discretionary powers contained in the mining laws that are the primary cause of the uncertainty that hangs like a cloud over the South African mining industry. The benefits would be that the mining industry would regain its former economic stature, the economy would grow, investment would increase and so would employment.

Mining executives made a strong case for decreasing the regulatory uncertainty in the mining industry at the recent Mining Indaba. South African opinion makers, including the members of the embattled mining industry, should support the ideal of the rule of law and attempts to ensure that anyone involved in writing legislation and regulations does so in accordance with the law. This will only become possible if people with influence in public affairs become fully aware of what the term means, realise the significance of the fact that it is a founding provision of the Constitution, and recognise that all South African legislation and regulation must be consistent with it. These are, moreover, the individuals who must be constantly reminded of the perils of inattention.

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Latest FMF event video (WATCH)   

The Rule of Law and judicial contempt for liberty in South Africa – MARTIN VAN STADEN

UPCOMING FMF event  

Wednesday, 23 October 2019 EVENING EVENT Human apes to human robots Dawie Roodt, Chief Economist, Efficient Group – 17:45 for 18h15 @ FMFRSVP https://www.freemarketfoundation.com/View-Event?i=217

NHI Bill  

NB: The proposed draft of the National Health Insurance (NHI) Bill is open for comment.
Interested parties are invited to submit written comments on the proposed Bill.
The deadline is 29 November 2019.
More details can be found
here.

Read: Pause the NHI, fix the public health sector first

Latest FREE MARKETEERS podcasts  

ICASA's proposed regulations signal the end of sports broadcasting
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FMF in the media  

Media release Are ACSA Board directors liable under the Companies Act 2011?
Media Digest & Cuttings SEPTEMBER 2019 for all media coverage

WORTH reading  

The difference between regulated markets and free markets
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