Leon Louw attacks his FMF creation, wants funders to stop supporting "corrupted" thinktank that's become politicised

Loading player...
On Friday the Free Market Foundation's President Leon Louw distributed an emotional 'Open Letter' explaining why he is leaving the once respected economic thinktank which he co-founded in 1975. In this interview with BizNews's Alec Hogg, SA's long-time voice for free enterprise explains how he believes the organisation has lost its way. He is appalled at its politicisation through a 'cabal' which has acquired control, reflected in its staff is populated by lawyers rather than economists. Louw has approached the funders of the FMF to request they withdraw their financial support of the organisation which is no longer able to interact across the political spectrum because, he claims, it has become aligned with the Democratic Alliance. Learn more about your ad choices. Visit megaphone.fm/adchoices
25 Jul 2022 7AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Iran war oil surge; Apple sues OpenAI; Endres on SA's fixed investment woes

In today's BizNews Daybreak we cover the escalating US-Iran conflict and its impact on soaring crude oil prices. In South Africa, Dr. John Endres critiques low fixed investment rates, SARU faces backlash over overpriced Springbok tickets, and over 53,000 undocumented foreign nationals are successfully repatriated. Finally, Apple hits OpenAI with…
13 Jul 11PM 18 min

BizNews Edge: Why the IRR's John Endres is more bullish on SA than Britain

John Endres, CEO of the Institute for Race Relations, tells BizNews that the elite consensus defending BEE is cracking, even as its beneficiaries defend it loudest. He points to the Starlink saga - blocked partly over empowerment shareholding while a pricier, slower rival wins state favour - as proof the…
13 Jul 8AM 24 min

A world-first: the bond that pays out when nature wins

In this BizNews interview, Irakli Rekhviashvili sits down with the three people behind FirstRand's R2.5 billion Cape Water Performance-Based Bond, the first time a commercial bank anywhere in the world has tied a bond's payout to nature. The Nature Conservancy's Louise Stafford traces it to 2018, when Cape Town's dams…
12 Jul 8AM 15 min