FMF NEWSLETTER 16 AUGUST 2017

FMF NEWSLETTER 16 AUGUST 2017

EDITORIAL

Dear friend of the FMF

This week’s feature article, written by Terry Markman, examines the decrepit state of South African Airways. Yet another bailout for the failing state-owned-enterprise means that South African taxpayers have to foot the bill. The SOE can replace CEOs and try different plans but because of its very nature and geographic location it will never be profitable. South African customers would be better served by a private market in air-travel competition; the state-owned monopoly of SAA is bound to experience failure after failure.

FEATURE article

SAA has no place in South Africa – TERRY MARKMAN

Good Luck to Vuyani Jarana, new CEO of SAA. Unfortunately, he will need much more than that. Why, oh why, did he accept to take over SAA? None of his Vodacom experience, where the main objective is to make a profit, will be of much use.

He will fail, of that there can be little doubt. Let me explain, as I doubt if anyone at SAA knows why.

SAVE the date

Wednesday, August 23 FMF AGM – All members and donors have voting rights and are invited to attend the AGM @ 17h00 @ FMF – RSVP http://www.freemarketfoundation.com/View-Event?i=157

Wednesday, August 23 EVENING TALK – Temba Nolutshungu (FMF Director) – Time for South Africans to live and let live @ 18H00 @ FMF – RSVP www.freemarketfoundation.com/View-Event?i=156 (Please note this function takes place after the FMF AGM)

LIVE STREAMING IS AVAILABLE FOR ALL EVENTS via the FMF’s Facebook page: https://www.facebook.com/FMFSA/

WORTH reading

Nwabisa Makunga: Encouraging entrepreneurs
Apply ‘first do no Harm’ principle to SA’s universal health coverage
Increasing minimum wage puts more jobs at risk of automation
Innovation: history’s great free lunch

FMF in the media

Business Day column Regulators say it’s consumer protection – don’t believe it – Leon Louw, 16 August 2017

Media digests JULY 2017 for all media coverage

SOCIAL media

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Watch our YouTube videos on ChannelFMF

*New FMF – Habits of highly effective countries: Lessons for South Africa (2006)

*New Mariné Erasmus – National Health Insurance

*New Johann Serfontein – National Health Insurance

Russell Lamberti – South Africa: failing economy and life after the downgrade
Jasson Urbach & Johann Serfontein – NHI pie in the sky
Martyn Davies and Leon Louw – The secret of China’s success: innovation and entrepreneurship
South Africa: The Solution (1987)
Twin Peaks - how Treasury will cost SA an additional R4,8bn per year
FMF – A constitution worth fighting for (1996)
Leon Louw – Radical Economic Transformation
Rex van Schalkwyk – Rule of Law 1 of 2 – What it is not
Rex van Schalkwyk – Rule of Law 2 of 2 – What it is

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Publish date: 16 August 2017
Views: 944

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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.

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