FMF NEWSLETTER 16 AUGUST 2017
Dear friend of the FMF
This week’s feature article, written by Terry Markman, examines the decrepit state of South African Airways. Yet another bailout for the failing state-owned-enterprise means that South African taxpayers have to foot the bill. The SOE can replace CEOs and try different plans but because of its very nature and geographic location it will never be profitable. South African customers would be better served by a private market in air-travel competition; the state-owned monopoly of SAA is bound to experience failure after failure.
SAA has no place in South Africa – TERRY MARKMAN
Good Luck to Vuyani Jarana, new CEO of SAA. Unfortunately, he will need much more than that. Why, oh why, did he accept to take over SAA? None of his Vodacom experience, where the main objective is to make a profit, will be of much use.
He will fail, of that there can be little doubt. Let me explain, as I doubt if anyone at SAA knows why.
Wednesday, August 23 FMF AGM – All members and donors have voting rights and are invited to attend the AGM @ 17h00 @ FMF – RSVP http://www.freemarketfoundation.com/View-Event?i=157
Wednesday, August 23 EVENING TALK – Temba Nolutshungu (FMF Director) – Time for South Africans to live and let live @ 18H00 @ FMF – RSVP www.freemarketfoundation.com/View-Event?i=156 (Please note this function takes place after the FMF AGM)
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Nwabisa Makunga: Encouraging entrepreneurs Apply ‘first do no Harm’ principle to SA’s universal health coverage Increasing minimum wage puts more jobs at risk of automation Innovation: history’s great free lunch
Business Day column Regulators say it’s consumer protection – don’t believe it – Leon Louw, 16 August 2017
Media digests JULY 2017 for all media coverage
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Russell Lamberti – South Africa: failing economy and life after the downgrade Jasson Urbach & Johann Serfontein – NHI pie in the sky Martyn Davies and Leon Louw – The secret of China’s success: innovation and entrepreneurship South Africa: The Solution (1987) Twin Peaks - how Treasury will cost SA an additional R4,8bn per year FMF – A constitution worth fighting for (1996) Leon Louw – Radical Economic Transformation Rex van Schalkwyk – Rule of Law 1 of 2 – What it is not Rex van Schalkwyk – Rule of Law 2 of 2 – What it is
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Publish date: 16 August 2017 Views: 230
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation.