UASA Media Release: 3 June 2025
Statement by Abigail Moyo, spokesperson of the trade union UASA:
UASA is pleased with the positive outcome of the country’s Gross Domestic Product (GDP), which grew by a modest 0.1% in the first three months of the year, aligning with market and economists’ expectations and setting a slow start to the year.
As announced by Stats SA earlier today, agriculture was the top-performing sector in the first quarter, achieving growth of nearly 16%, followed by a strong performance in the transport sector. Household demand significantly boosted the economy, with increased spending on food, non-alcoholic beverages, restaurants, hotels, and health services.
However, there are significant concerns regarding the mining sector, which has experienced substantial contractions. Stats SA indicated that challenges in the platinum group metals industry have posed significant difficulties. The mining sector is crucial for economic growth, sustainability, and job creation, and it is sadly facing substantial setbacks.
We urge stakeholders, including government and business leaders, to explore viable solutions to sustain this critical sector. We cannot sit back and watch as this vital part of our economy struggles.
Furthermore, ongoing challenges such as load shedding and infrastructure constraints, particularly in the rail and port sectors, remain significant obstacles to economic advancement.
We remain hopeful that the South African Reserve Bank’s (SARB) projected growth of 1.2% for the year will help improve the economic situation for Africans by lowering inflation, reducing fuel costs, and easing debt service burdens. This offers promise for a better economy where job creation and employment become a reality for many.
It is essential to protect and ensure sustainability across the sectors that contribute to building our economy. We must advocate for growth and job creation, which will lead to an improved quality of life for our people.
For further enquiries or to set up a personal interview, contact Abigail Moyo at 065 170 0162.