Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.In 2023, under president Cyril Ramaphosa, South Africa ranked 94 out of 165 countries in economic freedom. This is the lowest since 1994, according to the Economic Freedom of the World Report.
“The poor are better off in countries with freer markets than they are in countries where the government plays a more active role in the economy,” he said. In addition to this, Van Staden said non-standard taxes would need to be phased out because they make life more expensive for the ordinary consumer. He said there should be a moratorium on further tax increases for the rest of this parliamentary term.
“It is firstly important to allow communities and businesses to compete freely with existing state enterprises like Eskom and Transnet. There should be no statutory monopoly or regulatory monopoly whatsoever for these entities. The foundation raised issues relating to the legal system and property rights; strengthening the independence and the role of the South African Reserve Bank, as well as the freedom to trade internationally as a mechanism to boost the economy.