20 Mar

UASA Media Release: 20 March 2024

Statement by Abigail Moyo, spokesperson of the trade union UASA:

UASA is deeply concerned that the latest recorded inflation rate is a setback to workers’ hopes of interest rate cuts. Workers have faced rising fuel, food, medical, insurance and transport prices over the past two months.

According to Stats SA, annual consumer price inflation (CPI) increased to 5.6% in February from 5.3% in January, the highest since October last year.

The increase is mainly attributed to housing and utilities, miscellaneous goods and services, food and non-alcoholic beverages and transport.

Food and other essential needs are the primary drivers of increased CPI. UASA reminds government, businesses, and industry partners to consider workers’ daily economic and financial hardships when pricing essential goods and services.

UASA prompts its members and fellow South Africans that challenging financial circumstances lie ahead. Please curb expenses and do your best with what you have in your households.

For further enquiries or to set up a personal interview, contact Abigail Moyo at 065 170 0162.


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