| FMF NEWSLETTER 4 September 2019 |
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| ARTICLE of the week |
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Mboweni sends the right signal – CHRIS HATTINGH
Finance minister Tito Mboweni’s new economic strategy paper is a refreshing, much needed breath of fresh air for an economy struggling for oxygen. The paper is replete with common sense proposals all aimed at achieving the economic growth South Africa desperately needs. We have been stumbling along a low-growth path of high taxes, kilometres of red-tape, wealth redistribution, and anti-individualism for far too long. If Mboweni’s paper can be taken as a true step in a new direction, a direction of more individual freedom, South Africa will see green shoots of recovery almost immediately.
Countries with more economic freedom see a marked improvement in quality of life, quality of education, high investment, and strong economic growth. In 2018, South Africa was ranked 110 out of 162 countries in the Economic Freedom of the World index. Instead of adopting policies which would encourage growth and investment, South Africa has consistently given both local and foreign businesses fewer and fewer reasons to invest their capital and time in this country. This is the consequence of government implementing restrictive intervention after intervention for the last 20 years. There is little wonder that there are currently more than 10 million people unemployed. The Reserve Bank is projecting 0.6% GDP growth this year, and tax collection revenue is set to be much lower than initially expected. We have tried the government-led, interventionist, big-spending route. It is clear that does not work, and it is high time for South Africa to try at least a few steps along the right path of economic freedom.
To read further, please click here.
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| UPCOMING FMF events |
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Thursday, 12 September 2019 FMF EVENING EVENT – BOOK LAUNCH INVITATION – EFW 2019 Worldwide launch – Neil Emerick, director and founder of NightsBridge and developer of the EFW sofware tool – 17:45 for 18h15 @ FMF – RSVP http://www.freemarketfoundation.com/View-Event?i=216
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, 18th Floor, Pinnacle Building, Cnr Burg and Castle Road, Cape Town – RSVP http://www.freemarketfoundation.com/View-Event?i=215
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| NHI Bill |
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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
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| Latest FREE MARKETEERS podcasts |
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Mboweni's new plan, SAX grounded, and Hong Kong protests
SA Express grounded
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| 2019 Africa Liberty Forum in Nairobi, Kenya |
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On 22 and 23 August, the Free Market Foundation participated in the 2019 Africa Liberty Forum in Nairobi, Kenya. The forum was co-hosted by the Atlas Network and African Students For Liberty. FMF Project Manager, Chris Hattingh, participated in a weeklong training programme that preceded the forum. Board member, Phumlani M Majozi, presented on the developing situation in South Africa and how to create a credible voice for liberty in media. Executive Director, Leon Louw, provided his insights into constitutionalism and the Rule of Law, and their relevance to human rights. Director, Temba A Nolutshungu, was asked to speak about corruption and how to fight it through adherence to the tenets of the Rule of Law. Head of Legal Policy, Martin van Staden, presented on how to be an effective advocate for liberty online. Board member, Unathi Kwaza, also attended the proceedings.
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| Latest FMF event video (WATCH) |
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Mass unemployment - the consequence of brutality masquerading as compassion – Eustace Davie
South Africa - The Solution
SAA - The Solution
Eskom - The Solution
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| FMF in the media |
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Media release Did SA Express finally face financial reality or did government blink?
Media Digest & Cuttings AUGUST 2019 for all media coverage
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| WORTH reading |
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Why Nigeria—and the rest of Africa—rank poor in the 2018 Property Rights Index
Steve jobs’s unveiling of the iphone holds a timeless economic lesson
Stand aside, let Tito Mboweni do his job
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| WEBSITE & SOCIAL media |
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