Media release: Meritless litigation against Free Market Foundation abandoned

25 March 2022

Gail Day
076 836 5661

The FMF is an independent, non-profit, public benefit organisation, created in 1975 by pro-free market business and civil society national bodies to work for a non-racial, free and prosperous South Africa. As a policy organisation it promotes sound economic policies and the principles of good law. As a think tank it seeks and puts forward solutions to some of the country’s most pressing problems: unemployment, poverty, growth, education, health care, electricity supply, and more. The FMF was instrumental in the post-apartheid negotiations and directly influenced the Constitutional Commission to include the property rights clause: a critical cornerstone of economic freedom.

+27 11 884 0270
PO Box 4056, Cramerview 2060

Meritless litigation against Free Market Foundation abandoned

Rex van Schalkwyk, FMF board chairman: ‘Withdrawal indicates the applicant realised his case had no merit and that the 2020 board of the FMF was legitimate.’

The Free Market Foundation has welcomed a decision of the litigant to abandon his lawsuit that challenged the legitimacy of the Free Market Foundation board that was elected in 2020.
The Foundation received word on the evening of 23 March 2022 that the matter had been withdrawn.
“While we are pleased that the case has been dropped, we are confident that the Free Market Foundation board would have been found to be legitimate had the case gone ahead,” says Rex van Schalkwyk, board chairman.
“The withdrawal of the matter affirms our confidence that we would have won the case on merit. The Foundation had lodged its heads of argument and was urging the applicant to reciprocate. His withdrawal indicates that he understood his case was baseless.”
The withdrawal of the matter enables the Free Market Foundation now to move ahead, without the distraction of defending a costly legal claim, in its advocacy of an open society, personal liberties, the rule of law, and economic and media freedom.
However, Van Schalkwyk says, the opposition to this matter has put financial pressure on the Foundation and has been demanding of the time and energy of its personnel. “Its withdrawal means we no longer need to pursue a defence. However, our response to the matter has cost money and we will pursue an order to recoup costs. The Free Market Foundation is a not-for-profit entity that relies almost exclusively on member support and donor funding. We owe it to these parties to recoup losses incurred in defending what is now revealed as baseless and ill-considered litigation.”
“We look forward to continuing our work, united and with resolve. Personal and economic liberties in South Africa face numerous threats. The Free Market Foundation will challenge these with the energy and vigour it has always invested in its advocacy work,” added Ayanda Khumalo, board deputy chairman.

Issued by Flow Communications on behalf of the Free Market Foundation.

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