FMF NEWSLETTER 18 September 2019

Moody's axe will fall - unless we change course now – CHRIS HATTINGH

The probability of a credit rating downgrade from Moody’s does not necessarily equal ‘good’ news for SA’s economic prospects. It is merely the calm before the storm. It would be good news if SA had embarked on one or two of the required reforms – however, this has yet to happen. This temporary reprieve from Moody’s gives SA time to implement some of the changes required to right a seriously listing ship.

Lower tax revenue collection and a rising debt-to-GDP ratio are two critical factors SA must address in the coming weeks and months. State spending far outstrips the ‘revenue’ government collects from taxpayers. When checking your personal budget at the end of each month, you would be rightly concerned should you discover your spending is way out of proportion and that this represents a serious problem. This same principle applies to government spending: debt, whether public or private, must be paid off at some point. Massive government spending programmes, especially the National Health Insurance (NHI), no matter how much politicians and government officials turn blind eyes towards them, are only going to add to the growing problem of debt.

To read further, please click here.

Friday, 27 September 2019 CAPE TOWN EVENING EVENT – BOOK LAUNCH INVITATION – The Rule of Law and judicial contempt for liberty in South Africa – Speaker: Martin van Staden, FMF Head of Legal Policy and Research – 17:45 for 18h15 – VENUE: Friedrich Naumann Stiftung für die Freiheit South Africa, 18^th Floor, Pinnacle Building, Cnr Burg and Castle Road, Cape Town – RSVP http://www.freemarketfoundation.com/View-Event?i=215

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 11 October 2019.
More details can be found here.

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

Crime stats, guns, and their relationship with free markets
Possible tax revolt and new SAA turnaround plan

SUMMARY: Economic Freedom of the World Report 2019 – Neil Emerick
Economic Freedom of the World Report 2019 – Neil Emerick

South Africa - The Solution
SAA - The Solution
Eskom - The Solution

Media release South Africa falls 54 places in World Freedom Index in just 19 years
Media Digest & Cuttings AUGUST 2019 for all media coverage

7 government policies that are likely to have the worst impact on South Africa’s economy
SABC is not only broke, it’s a bad sport too
The environmental costs of renewable energy are staggering

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