FMF NEWSLETTER 16 May 2019

16 May 2019
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FMF NEWSLETTER 16 May 2019   
 
ARTICLE of the week  

Unemployment blight can be alleviated with the correct remedy – CHRIS HATTINGH

Stats SA recently announced South Africa’s unemployment rate has increased to 27.6%. The expanded rate increased to 38%, which translates to 9,994,000 unemployed people. It’s a wonder that SA’s unemployment rate isn’t above 45% at this point - SA’s jobless rate has not fallen below 20% since at least 2000. On top of that, GDP has not expanded by more than 2% per year since 2013. This was the first full quarter where the National Minimum Wage (NMW) has been applicable. With the huge public sector wage bill and the continued growth of government control and spending, we can expect the GDP to continue stagnating, and the unemployment numbers to continue rising.

There is much hope after the latest elections that President Ramaphosa will introduce sweeping, tough economic reforms which will boost economic growth. The optimists amongst us hope that he will streamline his cabinet and appoint new ministers to key departments. Such change will be only superficial - without questioning the role of government in general, it will not matter who is appointment to which position. For as long as those in government consider that government is best equipped to decide how people should live their lives, it will matter little who is actually in charge.

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UPCOMING FMF event  

Wednesday, 29 May 2019 EVENING EVENT The South African Economy – post elections Speaker: Sikonathi Mantshantsha (Money & Investment Editor and Writer at Business Day and Financial Mail) – 17:45 for 18:15 @ FMF  RSVP https://www.freemarketfoundation.com/View-Event?i=209
 

Tuesday, 11 June 2019 LUMINARY AWARD PRESENTATION Guest Speaker: Bonang Mohale – CEO BLSA DEMOCRATISING CAPITALISM – 12:00 @ 1 Discovery Place, Rivonia Road, Sandton RSVP https://www.freemarketfoundation.com/View-Event?i=210

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 

Latest FREE MARKETEERS podcasts  

A review of Election 2019
BLF and hate speech vs free speech - Freedom/Inkululeko

WORTH reading  

Broader implications of "my body, my choice"
Comparing the economic growth of East Germany to West Germany: A history lesson
Occupational licensing – An unnecessary evil

FMF in the media  

Media Digest & Cuttings APRIL 2019 for all media coverage

WEBSITE & SOCIAL media  

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