To all our supporters, members, friends, and the South African public, please take all necessary steps to remain safe and healthy in these very difficult times. The FMF has been hard at work researching the impact of the lockdown, especially the impact of regulations on poorer South Africans. To read all of the FMF's work on the COVID-19 lockdown thus far, click here.
The power of stokvels – moving from passive to active capitalism – James Peron
Most South Africans are aware of stokvels. Members are often women who contribute a small amount of money each month. If it is a monthly setup, the accumulated amount is given by the club to one or other member in turn. If it is an annual setup, then it is more of a savings scheme whereby members at the end of the year, receive a lump sum in accordance to the total amount they paid in over the year in small amounts.
Among poorer South Africans it is often the primary means of saving and the 11 million people who are members own assets worth R44b per year. An estimated 61% of black South African households participate in the schemes. (https://www.sowetanlive.co.za/business/money/2018-07-12-more-people-are-saving-in-stokvels-but-amounts-saved-are-down/)
To read further, please click here.
Monday, 19 Ocober 2020 – SA libertarian seminar – click here for more inforamtion
Thursday, 29 Ocober 2020 – "2020 Global Trade and Innovation Policy Alliance Virtual Summit" The Global Trade and Innovation Policy Alliance (GTIPA) represents a network of over 40 leading global think tanks dedicated to advancing a positive view of trade, globalization, and innovation for the benefit of the world's citizens. For more information click here
Media release – Full title deeds through Bond Cancellation. Land Reform breakthrough by Remgro, Cederberg Municipality and FMF in Clanwilliam, Western Cape
FMF CEO Statement – Eskom and Matjhabeng municipal farms scandal went unnoticed
Interview on Cliffcentral.com – Land restitution and VBS – Martin van Staden Interview on CRA – Expropriation WITHOUT compensation: a threat to the rule of LAW – Martin van Staden FMF article – Gauteng townships deserve real development, which includes skilled foreign entrepreneurs – Mpiyakhe Dhlamini
FMF video, in partnership with Atlas Network – Khaya Lam – Upward Globility: Whose land is it anyway? | South Africa
Quarterly Review: April 2020 – June 2020 Media Digest & Cuttings September 2020 for all media coverage
Human Action A new movie, produced by the Freedom and Entrepreneurship Foundation, on one of the most important economists in history – Ludwig von Mises. Click here to watch.
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Publish date: 14 October 2020 Views: 225
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation.