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Steamrolling of POIB through parliament heralds nothing positive for SA democracy

Could lead to a dark future

Unchanged repo rate the right decision

Economy still sluggish and workers struggling to keep up with high fuel and electricity prices

Koos Bezuidenhout newly elected president of FEDUSA

Koos names ten critical rules for survival of trade unions

Hope beckons, but for now fuel price hike still means increased misery for workers and the poor

Not only motorists are in for more pain, but the millions who cannot afford their own vehicles

Hope beckons, but for now fuel price hike still

The trade union Uasa is appalled at yet another sharp hike in the fuel price as announced by the Department of Energy today. 

The price of R10,77/ℓ (up 23c/ℓ for all grades of petrol) for 95 octane petrol in Gauteng and R10,01/ℓ for diesel might prove more than workers can bear.  

It is not only motorists who are in for more pain, but the millions who cannot afford their own vehicles and have to rely on public transport to get around, that will suffer the consequences of this. The fact that the price hike was prompted by international oil prices coming down while the rand continues weakening may be correct in economic terms, but only means misery for the poor. 

Consumers are reaching a saturation point where it will become impossible to squeeze another cent out of them. 

A ray of hope may be that many producers and retailers are not in a position to let the consumer carry the entire increase burden as consumer demand is low and the economy sluggish. 

Economists foresee that the fuel price can drop in the near future if consumer demand in Europe stays low, and in the event that the rand recovers if the European debt crisis can be kept at bay.


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