UASA Media Release: 20 July 2022
Statement by Abigail Moyo, spokesperson of the trade union UASA:
The highest consumer inflation rate in 13 years is the last thing South Africa’s workers need right now.
The CPI reached well above the South African Reserve Bank’s target range, increasing from 6.5% in May to 7.4%, according to Stats SA this morning.
UASA is deeply concerned about the effect on its members and South Africans in general. The main contributors to the CPI rate – food and non-alcoholic beverages, housing and utilities, transport, and miscellaneous goods and services – signal economic disaster for households.
Battered by never-ending price increases, and now again under threat from, among other things, Eskom’s price hike proposals and reportedly proposed bullying of consumers who turned to alternative ways of power generation because the power utility did not do its work, the anger South Africans experience is valid.
There have been reports of workers who cannot afford to travel to work anymore due to the 20% increase in fuel cost since May and who have scant alternatives due to the country’s insufficient and sadly lacking public transport system. The all but demolished train stations on Gauteng’s West and East Rand routes bear witness to this scandalous situation. Where most workers in South Africa could never afford to drive a car, this has now also become a reality in the lower middle classes.
It has become near impossible for the average South African to keep body and soul together.
To add insult to injury, the South African Reserve bank’s monetary policy committee is expected to hike interest rates by at least half a per cent or more tomorrow, adding additional upward pressure on loans and bonds.
For UASA, it is becoming a painful exercise to continue encouraging members and fellow South Africans to try their best with what they have. The economic turbulence is overwhelming for most of us and the outlook bleak.
For further enquiries or to set up a personal interview, contact Abigail Moyo at 065 170 0162.