COSATU says tariff hike is “unacceptable”
By Kim Saulse
24 February 2010
The Congress of South African Trade Unions says the approved tariff increases for Eskom is unacceptable and four times the current rate of inflation.
COSATU has condemned the price hike of 25% for 2010 /2011 and 26% for 2012, saying the poor will be the hardest hit in a time when they are struggling with other rising costs.
National spokesperson for COSATU, Patrick Craven says the economy will also be hit with a rise in inflation, which will
jeopardise the chances of an economic upswing.
Craven said many businesses that are already struggling to survive may be forced to close down or even retrench workers because of the huge price increase in one of their most regular costs.
Craven says COSATU will continue to oppose the increase and engage with their Alliance partners and Nedlac.
“If we cannot resolve this issue through discussion, we won’t hesitate taking action on the street to express our disgust and anger on the attack on the standard of living and prospect of economic growth,” said Craven.