FMF NEWSLETTER 12 June 2019   
ARTICLE of the week  

More businesses closing, urgent reform required – MPIYAKHE DHLAMINI

Stats SA’s April Statistics of Liquidations and Insolvencies paint a very grim picture. The number of business liquidations increased by 53.1% between April 2018 and April 2019. The number of insolvencies increased by 30.1% between March 2018 and March 2019.

Given that the economy has been growing at a pedestrian 1%-2% for a few years now, it is highly unlikely that this increase is due to more businesses being opened. I believe it is safe to take these numbers at face value. South Africa is becoming an increasingly hard place to do business because of the regulatory and tax burden. Policies such as EWC (Expropriation Without Compensation) will only increase the risks of running a business here.

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Latest FMF event video (WATCH)  
Let entrepreneurship reign – less government and more entrepreneurshipSikonathi Mantshantsha

Wednesday, 26 June 2019 EVENING EVENT 18:00 @ FMF  more info to follow

FMF events can be watched LIVE via the FMF’s Facebook page by clicking this link:

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: 

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FMF in the media  

Media release BLSA CEO Mr Bonang Mohale receives the FMF 10th Luminary award for his contribution to SA’s business community and defending the rights of all South Africans

Media Digest & Cuttings MAY 2019 for all media coverage



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