South Africa’s economy is in a mess, to say the least, and this is solely and exclusively the fault of policymakers. Yet it is not beyond redemption. The overall remedy lies in simply utilising empirical evidence in the form of studies that demonstrate the close and proven correlation between economic freedom (free markets) and high economic growth, which in turn translates to increased GDP per capita, high employment levels, better education and increased lifespans: all the positive social indicators that collectively amount to a good, contented and prosperous life. The Human Freedom Index (published by the Cato Institute), the Index of Economic Freedom (Heritage Foundation and The Wall Street Journal), the International Property Rights Index (initiated by economist Hernando de Soto and involving the Property Rights Alliance) and Economic Freedom of the World (Fraser Institute and over 100 think tanks worldwide) all attest to the axiomatic, empirically verifiable connection between economic freedom and economic growth, and the positive social outcomes that emanate from this.
SOUTH AFRICA’S SLIDE
The socio-economic misery of South Africa is self-inflicted and, ipso facto, can be reversed, as illustrated in the Economic Freedom of the World (EFW) report, which is evidenced by the abovementioned studies. The EFW report ranks countries according to the measurement of their level of economic freedom. South Africa features at position 84 out of 165 countries, according to the EFW’s annual report of 2019.
After being placed 54th in 2000, South Africa’s measure of economic freedom has gone into a sorry decline, hitting 62nd in 2005 and 79th in 2010.
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Understanding eye conditions in horses: causes and first aid
A horse can get a swollen eye from bumping it against a tree, shaking its head to keep flies away, or even snake venom
IPM requires a completely different mindset
You need to investigate any beneficial insects that may appear on your plants, or you can purchase them
Does parrot farming protect wild species?
Those in favour of commercial captive breeding argue that breeding parrots to sell can relieve pressure on wild populations. Researchers Neil D'Cruze and Rowan Martin review the evidence.
Bacterial and fungal diseases of garlic
Garlic can be prone to bacterial and fungal diseases, and it's important that farmers are proactive in preventing infection and practise appropriate management. Magda du Toit reports.
Responsible wastewater management: a crucial part of farming
The inadequate management of waste water is a challenge that the agriculture sector needs to deal with. Magda du Toit spoke to experts in waste and water management about a cost-effective treatment system.
Technology that can help protect South Africa's farms
Farm attacks, murders, livestock and crop theft, and other rural crimes are a growing concern in South Africa. As a result, more and more farmers are turning to advanced security technology to protect their lives, properties, and livelihoods. Sinenhlanhla Mncwango spoke to experts about the security strategies that producers can adopt to combat these threats.
The impact of theft on farms in South Africa
A high number of livestock are being stolen every year in South Africa. Insurance is expensive and farmers are battling to find solutions to the problem, says Dr Lindie von Maltitz, agricultural economics lecturer in the Faculty of Natural and Agricultural Sciences at the University of the Free State.
Staying afloat amid the cost-price squeeze
John Hudson, head of agriculture at Nedbank Commercial Banking, spoke to Glenneis Kriel about the importance of environmental and social sustainability for a prosperous agriculture sector.
Free State has no reason to mark Transport Month
Free State Agriculture (FSA) is very concerned about the extremely poor state of rural paved and gravel roads in the province and has very little, if anything, to celebrate during Transport Month, which takes place every October.
SA's food system âvulnerable to climate change'
The Just Transition Agenda for Food System Policymaking in SA webinar, hosted by the Institute for Economic Justice (IEJ) in October, highlighted the role that South Africaâs food system plays in contributing to climate change and how vulnerable it is to the impact thereof.