Tag: government interference

South Africa’s long march away from economic freedom continues in 2023, Economic Freedom of the World (EFW) index reveals. The 2023 Economic Freedom of the World annual report reveals that South Africa has dropped to 94th, down one place from its ranking of 93rd last year, out of the 165 countries analysed.

Written constitutions are meant to limit government scope and power. Bills of rights are meant to safeguard individual freedom from government overreach. This is as true in South Africa as it is anywhere else. Does the South African Constitution have a provision that allows government to ‘weasel’ its way out of strictly recognising and protecting our rights, or have we misconstrued section 36 entirely?

Ten children are invited to a birthday party. As they arrive, they are each given three golden tokens. The host explains that they will play various games with great prizes using these tokens. In the first game the prize is a brand-new bicycle, which the host says he will give to whichever child offers him the most tokens. This is the supply of desirable goods.

Economic freedom enshrines personal choice, voluntary exchange and protection of private property. It is the freedom to start a business or hire an employee without government interference, or to invest and trade with whomever you please.

Address by President Cyril Ramaphosa to the Joint Sitting of Parliament on South Africa's Economic Reconstruction and Recovery Plan.