FMF NEWSLETTER 14 JUNE 2017
FMF Alternatives to ANC Policy Proposals at ANC National Policy Conference FMF would appreciate it if you would consider an ad hoc donation to this important opportunity to revisit our solutions to South Africa’s many challenges. If you would like to make a donation, please complete the form here.
The ANC is holding its fifth National Policy Conference from 30 June to 5 July 2017. Delegates will discuss and decide upon ANC policy for the next five years. President Jacob Zuma has set the tone by calling for “radical economic transformation”, which is the underlying theme across all policy discussion documents.
FMF has come out in support of radical economic transformation. However, unlike government and the ANC, the FMF can define what radical transformation would look like: A substantive change from past and current economic policies, to “radical” free markets, that is, less of the same and more of something new.
FMF plans to release 10 media releases before end-June outlining the FMF’s vision for radical economic transformation. Each will include links to submissions and proposals to show South Africa that real economic transformation is not only possible and viable, but desirable for all.
Dear friend of the FMF
Legislation, such as the FAIS Act, that is in conflict with the rule of law, grants extraordinary discretionary powers to officials and private financial service providers. Author of this week's feature article Gary Moore, describes an aspect of this Act which “vests in employers the power and obligation to banish (“debar”) financial-services representatives from the entire industry”. As the author points out, this requirement is in direct contravention with the rule of law. The activities of the FSB have a similarity to the Dr Seuss story about King Looie Katz of Katzen-stein, whose oppressive hierarchy ended in a revolt started by the lowliest cat, which ended the hierarchy and led to democracy.
Making America great again An article worth reading by Temba A Nolutshungu, is Making America great again, which was published in Forbes magazine on 10/06/2016 and is republished with permission from Forbes. The following striking paragraph appears in the article: “Liberty is what made the United States of America different from the rest of the world. It was at the core of America’s historical greatness and the fundamental value of its people. Liberty is embedded in the American constitution. It defines it. It is a return to the liberty on whose shoulders modern-day Americans stand that will make America great again.”
FAIS: Debarring representatives violates the Rule of Law – GARY MOORE Financial services employees get unequal treatment
The provision of the Financial Advisory and Intermediary Services Act of 2002 (“FAIS”) that vests in employers the power and obligation to banish (“debar”) financial-services representatives from the entire industry, has the effect of discriminating against far too many. This is in direct contravention of the Rule of Law which requires that the laws of the land be applied equally and consistently to all.
Wednesday, June 21 MEDIA BRIEFING – Dr Martyn Davies, Managing Director of Emerging Markets & Africa at Deloitte – The secret of China’s success – innovation and entrepreneurship @ 11h00 @ FMF – RSVP http://www.freemarketfoundation.com/View-Event?i=145
Wednesday, June 28 EVENING TALK – Dawie Roodt, Chief Economist of Efficient Group The virtual future - an economist's perspective @ 17h45 @ FMF – RSVP http://www.freemarketfoundation.com/View-Event?i=147
Saturday, Juy 1 FMF YOUTH EVENT – Jim Powell, Founder Direct Democracy South Africa – DIRECT DEMOCRACY is a government system that ensures accountability to you the voter! @ 09h30 @ FMF – RSVP http://www.freemarketfoundation.com/View-Event?i=146
Thursday, July 6 NON-FMF invite – Constitutional dialogue: Breakfast discussion series 2017 @ 07h00 @ Radisson Blu Hotel Sandton – for more information and RSVP http://www.cfcr.org.za/index.php/contactus/event-registration
LIVE STREAMING IS AVAILABLE FOR ALL EVENTS You can watch every event LIVE via the FMF’s Facebook page by clicking this link: https://www.facebook.com/FMFSA/
The FDA Commissioner's novel plan for cutting drug prices: Competition Open letter to the Minister of Trade and Industry – copyright Amendment Bill 2017 South Africa’s journey to a knowledge economy: progress and challenges
Business Day column Benefit deniers and credit takers cling to colonialism debate – Leon Louw, 7 June 2017
Media releases Radical legal transformation: Embrace Mandela’s rule of law not apartheid arbitrary governance Radical healthcare transformation: Bring healthcare back to the people and away from government
Media digest APRIL 2017 for all media coverage
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Publish date: 14 June 2017 Views: 821
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation. This article may be republished without prior consent but with acknowledgement to the author.