FMF Newsletter - 8 March 2023

8 March 2023


Expanding the mandate to a fool’s errand
Dr Richard J Grant 

The ANC’s party chair, Gwede Mantashe, was recently quoted as saying that “The mandate of the Reserve Bank has to be expanded to meet the needs of the economy.” Although there is no firm proposal as to how the mandate should be expanded, it is commonly asserted that the Bank should shift its policy toward stimulating economic growth and employment.


Last week Tuesday, we bid a heartfelt farewell to Gail Day, whose has devoted a lifetime of hard work and energy to the cause of the FMF. It is no exaggeration to say that without her extraordinary efforts – often behind the scenes and away from the limelight – the FMF would not be in the position that it is today. We will miss Gail greatly but will be with her in spirit as she embarks on her exciting retirement journey ahead.

Gail Day (fourth from left)

In recognition of her tireless contribution over several decades, the Executive Committee has resolved to change the name of the Free Market Foundation Award in Gail’s honour. The name of the award will henceforth be known as The Gail Day Unsung Heroes Award
This award will be granted to those unsung heroes of freedom (like Gail herself), whose work contributes to the expansion of individual liberty in Africa – but whose efforts may have been overlooked.

Title deeds hand out

An elderly blind lady receiving her title deed, together with the Capitec team and Lorna.

Khaya Lam continues apace. The below mentioned title deeds were handed out in the Free State by Searle and Lorna:

  • In Koppies 21 Title Deeds
  • In Vredefort – 13 Title Deeds
  • In Edenville – 8 Title Deeds
  • In Heilbron – 42 Title Deeds
  • In Viljeonskroon – 34 Title Deeds
  • In Parys – 108 Title Deeds!!

In Tumahole Parys, at the Nakedi Sports Centre, 112 title deeds were handed over to homeowners.
The event was attended by about 100 people, 4 councilors and the housing department.

Breaking: The 2023 FMF Million Rand Challenge was a huge success

We are very pleased to announce that the 2023 FMF Million Rand Challenge has been our best fund-raising challenge ever. The Challenge raised a grand total of R2,019,813 which exceeded our expectations. Thank you to everyone who donated.  We are grateful for your support. With your help we will continue the fight for freedom and prosperity and a brighter future for all South Africans. If you missed this opportunity to donate, we invite you to consider becoming a member of the Foundation. Click here for more information

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