FREE MARKET FOUNDATION
22 AUGUST 2019
The Free Market Foundation (Southern Africa) is an independent public benefit organisation founded in 1975 to promote and foster an open society, the rule of law, personal liberty, and economic and press freedom as fundamental components of its advocacy of human rights and democracy based on classical liberal principles. It is financed by membership subscriptions, donations and sponsorships.*
The FMF was established to counter the steadily increasing intervention in the economy by the government of the time. Protectionism, high inflation, price controls, bureaucracy and relentless enforcement of racial discrimination all escalated during the 1970’s. In 1977 the FMF became a national body when it received the support of major institutions, including SACOB, AHI, NAFCOC, TUCSA, the National Black Consumer Union, and the National Consumer Union. Representatives of major companies played an active role in the reconstitution of the Foundation and commenced participation in its affairs.