UASA Media Release: 22 March 2023
Statement by Abigail Moyo, spokesperson of the trade union UASA:
The slight increase in the annual consumer price inflation (CPI) from 6,9% in January to 7,0% in February is a cause for consumers’ concern about the living standards they must align with and live by.
Stats SA announced earlier today that the main contributors to the increase were food and non-alcoholic beverages; housing and utilities; transport; and miscellaneous goods and services.
Food and non-alcoholic beverages increased by 13, 6% year-on-year and contributed 2, 3 percentage points to the CPI.
Following the 1.3% gross domestic product (GDP) contraction in the 4th quarter of 2022, our economic position is worrying, indicating continued tough times ahead.
Despite many demands and call-outs, the situation is worsening. UASA encourages small and medium enterprises (SMEs) and other business owners to strive for growth. A strong, sustainable small business sector will create more job opportunities and may be the gateway to a better life for many unemployed workers.
For further enquiries or to set up a personal interview, contact Abigail Moyo at 065 170 0162.