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Fuel price shock may lead to job losses as employers are forced to cut costs

The trade union UASA is shocked at the steep petrol price hike coming into effect next Wednesday.

The 93c/l hike will cut further into the already almost unmanageable household expenses of too many South African families.

The very poor and jobless will soon find it impossible to afford even the basic foods and personal items as a result of higher consumer goods prices which are sure to follow. This may well lead to further job losses as employers may be forced to cut costs, and could have an adverse effect on inflation and jeopardize the South African Reserve Bank’s efforts to keep inflation within the set target range.

The millions who have to make use of public transport to get to work every day will feel the pinch more than ever.

For more information, or to arrange a personal interview, please contact Jacques Hugo of UASA at 083 263 2566.