Malema – leave the South African Reserve Bank alone – RICHARD J GRANT
Recent calls to “nationalise” the South African Reserve Bank imply that the Bank is a private entity, thereby raising questions about the correspondence between legal definitions and the realities of control, policymaking, and administration. In fact, the Reserve Bank is a statutory creation of the South African Parliament, which also determines the main policy goals that the Bank is tasked to fulfil. Further, more than half of the Bank’s board of directors, including all the executive directors, is appointed by the President of the Republic in consultation with the Minister of Finance and a governmentally appointed Panel. That Panel, in turn, approves a list of candidates from which eligible private shareholders may elect the remaining board members.
The private shareholders have no direct control over any aspect of monetary policy or Reserve Bank operations. Their only role is in the election of a minority of board members from a pre-approved list. This involvement is valuable to the extent that it requires greater openness and provides transparency to the operations and auditing of the Bank. Successive amendments to the South African Reserve Bank Act have weakened this role and, with the proposed transfer of all shareholdings to the government, it would be lost completely.
To read further, please click here.
Wayne Duvenage – OUTA: From toll boycott to anti-tax abuse organisation
Tuesday, 17 July 2018 MEDIA BRIEFING 11:00 for 11:30 – Francois van der Merwe (Tisa) & Leon Louw (FMF) @ FMF – Tobacco counts, and so do you ... it's controversial, we know – RSVP here
Wednesday, 25 July 2018 EVENING EVENT 18:00 for 18:30 – Temba Nolutshungu, Eustace Davie, Leon Louw (FMF directors) @ FMF – Tales from last century: How FMF opposed apartheid – RSVP here
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
Social Security has been swelled, not looted Civility and property vs. politics Ideology of victimhood is destroying our universities
Media release Never again – property rights must be protected Media digest MAY 2018 for all media coverage
Follow us on TWITTER for quick updates and news
Like us on FACEBOOK to receive advance notifications of live interviews and much, much more
Watch our YouTube videos on ChannelFMF
Rex van Schalkwyk – Violation of the Rule of Law gave SA the Guptas and Zuma corruption
Cecelia Kok – Are you free to be you? A talk on individual freedom and identity politics Temba Nolutshungu and Terence Corrigan – Expropriation without compensation – betrayal of the struggle
Adrian Schofield & Leon Louw – The ECA Bill will be a disaster for South Africa Grietjie Verhoef – History of strong African entrepreneurship held back by powerful constraints Robert Vivian and Leon Louw – FAIS: the harbinger of things to come Dawie Roodt – The final countdown: How to survive this awful budget
Leon Louw – What is Oxfam's real agenda? It's not pro-poor Frans Rautenbach – The law trade unions and growth - what role do they play in job creation? Eustace Davie – Failure to respect constitutional rights causes mass unemployment Leon Louw – New law guaranteed to raise price of data and limit internet access Adrian Saville – Paths to prosperity - lessons for a six pack solution Leon Louw – South African Airways: The facts behind the fiction Neil Emerick – Will South Africa crash and burn? Garreth Bloor – Want economic growth? Repeal bad law Jasson Urbach & Johann Serfontein – NHI pie in the sky Twin Peaks - how Treasury will cost SA an additional R4,8bn per year FMF – A constitution worth fighting for (1996)
If you have a Twitter account:
If you have a Facebook account
Become an individual member/donor, a corporate member/donor or donate to Khaya Lam project
All individuals and companies can donate and deduct a maximum of 10% of their taxable incomes to Section 18A approved Public Benefit Organisations. The minimum annual payment we require is R250. All payments of R250 or more will be treated as a donation for which you will receive a Section 18A certificate for SARS.
TEL +27 11 884 0270 | FAX +27 11 884 5672 | EMAIL fmf@mweb.co.za PO Box 4056, CRAMERVIEW 2060 Bryanston Gate, Block 5, Ground Floor, 170 Curzon Road, BRYANSTON
##Unsubscribe## from future emails
Publish date: 04 July 2018 Views: 535
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation. This article may be republished without prior consent but with acknowledgement to the author.