FMF NEWSLETTER 4 JULY 2018

Malema – leave the South African Reserve Bank alone – RICHARD J GRANT

Recent calls to “nationalise” the South African Reserve Bank imply that the Bank is a private entity, thereby raising questions about the correspondence between legal definitions and the realities of control, policymaking, and administration. In fact, the Reserve Bank is a statutory creation of the South African Parliament, which also determines the main policy goals that the Bank is tasked to fulfil. Further, more than half of the Bank’s board of directors, including all the executive directors, is appointed by the President of the Republic in consultation with the Minister of Finance and a governmentally appointed Panel. That Panel, in turn, approves a list of candidates from which eligible private shareholders may elect the remaining board members.

The private shareholders have no direct control over any aspect of monetary policy or Reserve Bank operations. Their only role is in the election of a minority of board members from a pre-approved list. This involvement is valuable to the extent that it requires greater openness and provides transparency to the operations and auditing of the Bank. Successive amendments to the South African Reserve Bank Act have weakened this role and, with the proposed transfer of all shareholdings to the government, it would be lost completely.

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Wayne Duvenage – OUTA: From toll boycott to anti-tax abuse organisation

Tuesday, 17 July 2018 MEDIA BRIEFING 11:00 for 11:30 – Francois van der Merwe (Tisa) & Leon Louw (FMF) @ FMF – Tobacco counts, and so do you ... it's controversial, we know  – RSVP here

Wednesday, 25 July 2018 EVENING EVENT 18:00 for 18:30 – Temba Nolutshungu, Eustace Davie, Leon Louw (FMF directors) @ FMF – Tales from last century: How FMF opposed apartheid – RSVP here

FMF events can be watched LIVE via the FMF’s Facebook page by clicking this link: https://www.facebook.com/FMFSA/

Once on the FMF Facebook page, please scroll down until you find the presentation live streaming. Please note: the video remains available on Facebook after the event (though you will need to scroll down further to find it). OR you can watch it on our YouTube channel – usually uploaded within a day or two: https://www.youtube.com/user/channelfmf

Social Security has been swelled, not looted
Civility and property vs. politics
Ideology of victimhood is destroying our universities

Media release Never again – property rights must be protected
Media digest MAY 2018 for all media coverage

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Rex van Schalkwyk – Violation of the Rule of Law gave SA the Guptas and Zuma corruption

Cecelia Kok – Are you free to be you? A talk on individual freedom and identity politics
Temba Nolutshungu and Terence Corrigan – Expropriation without compensation – betrayal of the struggle

Adrian Schofield & Leon Louw – The ECA Bill will be a disaster for South Africa
Grietjie Verhoef – History of strong African entrepreneurship held back by powerful constraints
Robert Vivian and Leon Louw – FAIS: the harbinger of things to come
Dawie Roodt – The final countdown: How to survive this awful budget

Leon Louw – What is Oxfam's real agenda? It's not pro-poor
Frans Rautenbach – The law trade unions and growth - what role do they play in job creation?
Eustace Davie –  Failure to respect constitutional rights causes mass unemployment
Leon Louw – New law guaranteed to raise price of data and limit internet access
Adrian Saville – Paths to prosperity - lessons for a six pack solution
Leon Louw – South African Airways: The facts behind the fiction
Neil Emerick –  Will South Africa crash and burn?
Garreth Bloor –  Want economic growth? Repeal bad law
Jasson Urbach & Johann Serfontein – NHI pie in the sky
Twin Peaks - how Treasury will cost SA an additional R4,8bn per year
FMF –  A constitution worth fighting for (1996)

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