FMF NEWSLETTER 18 February 2021

Expropriation without compensation is unheard of in the open and democratic societies of the world. No society that has attempted expropriation without compensation has emerged from such an initiative with a prosperous economy – instead, ruin and poverty always resulted. Zimbabwe is already in the early stages of walking back its own experiment with no-compensation expropriation, and we must expect something similar to happen once the criminal regime of Nicholas Maduro in Venezuela comes to an end.

South Africa’s government is attempting to introduce expropriation without compensation in South Africa by amending section 25 of the Constitution to allow itself to expropriate private property without paying for it. The amendment to the Constitution itself is still being finalised by government, but the technical details for its implementation have already been published in the form of the Expropriation Bill. South Africans have until 28 February to comment on this disastrous piece of legislation. See the FMF’s submission on the constitutional amendment [here].

Register your opposition to this bill by sending a short submission to government. More information [here].

Media Room
All articles, media releases, videos and submissions on EWC [here].

State moves on radio spectrum and fixed infrastructure a grave mistake – Ivo Vegter

Government policy should as far as possible liberate the market to continue the success story of private ownership of radio spectrum and fixed infrastructure, instead of interposing well-intended but misguided interventions to correct perceived high pricing or underservicing. Such interventions can only be counterproductive, and should be resisted. A look at our telecommunications policy history explains why.

During the negotiations for a new dispensation in SA, it was recognised that telecommunications policy would be of major importance to a developing economy. Even before the 1994 elections several potential models were considered, but it was soon clear that the government was intent on maintaining a tight grip on what it saw as a strategic sector of the economy.

To read further, please click here.

View from the inside: André de Ruyter discusses Eskom’s current state of affairs
Unpacking South Africa's 2021 State of the Nation Address

Our podcasts are also available on Apple, Spotify, and Google

FMF interview on CapeTalk – 'It's patronising, we have a constitutional right to bodily integrity' – Leon Louw

FMF articles
Nigeria's forex crisis shows that legal incentives are insufficient for investors – Theophilus Oladipo
Partnerships, education tweaks will clear SA's path to global competitiveness – Riaan Salie

Quarterly Review: October 2020 – December 2020
Media Digest & Cuttings January 2021 for all media coverage

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