Page 26 - Chris Hattingh News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Free Market Foundation (FMF) is heartened by recent press reports of the Venezuelan government relaxing its controls over the economy. This comes after the government of Zimbabwe also in recent years signalled its intention to open up for business and set right the disaster of Mugabe-era land grabs. South Africa would do well to take heed of this trend away from socialism toward freedom. S&P Global reported in April 2020 that a government-appointed commission in Venezuela had recommended that the State abandon its control of the country’s oil industry, and allow private and international investors to take the lead. A CNN report from December confirmed that Venezuela had also largely ceased its gasoline subsidies, and that for the first time since the early 2000s allowed a private company to issue bonds in dollars, thereby allowing it to raise money without government involvement.

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