2021 FMF R1Million Challenge




Dear friend of the FMF

The free market is the only way for South Africa to become a thriving, prosperous and peaceful country.
This conviction underpins all the work of the Free Market Foundation.

A generous sponsor will add 50% to all donations made before 31 March 2021

Not only will your donation be multiplied by 1.5 but it will be tax-deductible up to 10% of your taxable income, which means that if you are in the 40% tax bracket your donation of R10,000 costs you a net R6,000 but becomes a total of R15,000 that will be working on your behalf towards changing South Africa in a free market direction – the only way our country will become thriving, prosperous and peaceful. The 50% bonus applies from the first rand. There is no minimum to qualify. Whatever you donate will be increased by 50%. No donation is too small – bear in mind that many small drops combine to make a flood.

If you donate by 28 February, your donation will qualify for a full tax deduction in the 2021 fiscal year

Donate because the Free Market is the only way!

2021 R1Million Challenge Raised

Date Last Updated : 08 Apr 2021

With 50% Boost Added

Date Last Updated : 08 Apr 2021

 

The Free Market Foundation is South Africa's oldest and foremost proponent of free market policies. These policies which are backed by 35 years of rigorous research published in the Economic Freedom of the World reports, showing that free markets deliver the best overall economic results for everyone. In free markets individuals can decide for themselves how to use their labour and talents to improve their lives. They do not have a right to the products and resources of others.

Covid-19 and the Pandemic
Lockdowns and other government responses to the Covid-19 pandemic have caused economic devastation the world over. Even the world’s most advanced economies have experienced large increases in unemployment and business closures. Sadly, South Africa was particularly vulnerable to the Covid-19 pandemic and our government’s response. With a 43% unemployment rate and a growth rate teetering on recession before the pandemic even started, the situation in our country was already dire in March 2020.

Predictably the pandemic lockdown and other government measures such as the tobacco and alcohol bans have taken a heavy toll on an already weak South African economy. More than 2.2 million people have lost their jobs in the formal sector and hundreds of thousands more jobs are at risk in the tourism, hospitality and alcohol industries as the lockdown continues. With these formal sector numbers, one can only imagine the vast numbers of people who have lost their livelihoods in the informal sector.

The free market is the only way for South Africa to recover swiftly from the pandemic.

Donate because the Free Market is the only way!

The free market is the only way to rapidly reduce SA’s mass unemployment
The most egregious policies adopted in South Africa are those that cause mass unemployment. Onerous termination procedures, minimum conditions of employment, compulsory minimum wages and other regulatory conditions imposed on employers, all serve to consign millions of people to the ranks of the permanently unemployed. There is no doubt that for South Africa to recover from the pandemic the draconian labour regime simply must change. At the lower wage levels of the jobs market, the unemployed would happily forgo labour “protections” because they recognise them as a hindrance. The FMF proposes that the unemployed should be given an exemption certificate that exempts them and their potential employers from all labour laws. This proposal has now been adopted by organisations representing the unemployed, who are vociferously lobbying for its implementation.


Donate because the Free Market is the only way!

Finding solutions to our economic problems
There is no way of coming out of the current slump as rapidly as possible other than to adopt sweeping reforms that allow people to plan their personal and business lives to best advantage. The heavy tax and regulatory burdens on businesses and individuals must be rolled back to allow them to function at maximum efficiency. It is only their increased efficiency, foresight, ingenuity, and creativity that will transform the economy, not edicts emanating from Cape Town and Pretoria.

Donate because the Free Market is the only way!

Health Policy Unit: The FMF Health Policy Unit (HPU), under the guidance and support of experts in the healthcare field, has been the only consistent and often the lone voice speaking out on government’s plans to nationalise healthcare in the country via the introduction of National Health Insurance (NHI), plans that the country cannot afford. The HPU urges government to devote its limited health budget to financing services for the poor, to purchase an increasing percentage of those services from private providers, and to allow and encourage the rapid growth of the private health care sector, enabling it to supply quality health services to an increasing percentage of the population.

Donate because the Free Market is the only way!

Economic Growth
In 2000 the economy was functioning well, and South Africa ranked 58th on the Economic Freedom of the World (EFW) rankings and relatively well on most other economic rankings. Since then South Africa has declined on all the rankings and is now ranked 90th out of the 162 EFW countries measured. The evidence is indisputable. The more economic freedom a country has the more prosperous its citizens are. There is economic freedom when economic activity is co-ordinated by personal choice, voluntary exchange, open markets, and clearly defined and enforced property rights. It is the FMF’s task to make this clear to all South Africans.

Donate because the Free Market is the only way!

The law and the economy
Since its establishment in 1975 the FMF has given special attention to constitutionality and the rule of law. Its books, policy documents and articles have urged government to abide by the Constitution and the rule of law, which together provide the foundation of the South African legal order. They are the bedrock on which a strong economy, and with it, peace and prosperity were intended to be built, and may yet be built.


Donate because the Free Market is the only way!

Expropriation without compensation (EWC)
When government first mentioned the notion of taking property without compensation, the FMF opposed the proposal as not being in the best interests of all South Africans. The FMF organised a conference, held in Johannesburg in November 2018, with speakers from the USA, India, Venezuela, several African countries, and South Africa, to discuss the issue in detail. A Round Table discussion on EWC was also held in Johannesburg in 2021 The FMF published the papers of the conference speakers, who, without exception urged that insecure property rights would have detrimental economic consequences for SA. Several submissions have been made to government opposing its intention to weaken the constitutional protection of property rights and many articles have been published opposing the intention to tamper with the constitutional property rights protection. Where liberty and property are co–existent with the rule of law, any systemic violation of either must, of necessity, involve an element of state coercion and therefore a violation of the rule of law.

Donate because the Free Market is the only way!

Khaya Lam - Securing property rights for the people
The FMF’s Khaya Lam (my home) project has demonstrated the transformation that occurs when secure ownership of property becomes widespread. Khaya Lam, in partnership with Municipalities and donors, has provided the people living in local-authority housing with title deeds to their properties. Khaya Lam has already assisted in uplifting thousands of poor township households and it will consequently be a shocking violation of rights to change the constitution to turn what have become secure property rights into, once again, the insecure rights to property that existed under apartheid.

Donate because the Free Market is the only way!

Support the promotion of free market ideas: As a think tank the FMF is constantly putting forward ideas about solving some of South Africa’s most serious problems. Property rights, good law, freedom to work, to stop interfering with people’s personal lifestyle choices; to free the private sector from the regulatory burdens that are weighing it down and stunting economic growth; to allow the private health sector to operate without being stifled by bureaucracy, and to allow the market to operate in every other sector of the economy.

Donate because the Free Market is the only way!


Help us to work for the positive change South Africa needs.

Thank you for all your support and encouragement. Together we can create a prosperous future for South Africa.


Sincerely,



Rex van Schalkwyk
Chairman
Free Market Foundation

Credit Card Donations

To donate to the FMF R1Million challenge using our secure credit card payment facility CLICK HERE

Reference: "FMFC"

EFT Donations

Free Market Foundation

Standard Bank
Sandton Branch 019205
Account Number: 421 066 946
Reference: "FMFC"

FNB
Sandton City Branch 254605
Account Number: 622 703 016 50
Reference: "FMFC"

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