Reduce food prices or face protests, COSATU warns

Food prices

Food prices

JOHANNESBURG, (CAJ News) – FOOD prices must be reduced in South Africa following the sharp reduction in oil prices, or the public will embark on a strike, a senior union official has said.

Congress of South Africa Trade Unions (Cosatu) Western Cape Provincial Secretary, Tony Ehrenreich, said his labour federation was demanding the price of food be reduced with a factor at least equal to the petrol price reduction.

“COSATU will be considering protest action against the companies who supply basic food items, for refusing to reduce the food prices. When the price of petrol increases, the companies immediately raise their prices.

“To now refuse to reduce the price of food is double standards and exploiting the poor, who depend on these basic food items,” Ehrenreich said.

He cited companies who supplied basic foodstuffs such as bread, milk and meat as having increased highest food prices over the last 4 years arguing that their justification was due to petrol price hikes.

“Now they have excuses when the prices should be reduced. COSATU will be calling on communities who are suffering under high food prices to join the COSATU protest against these companies over the next month,” Ehrenreich said.

Oil prices have fallen sharply in recent weeks owing to the decrease in global demand for the commodity.

– CAJ News

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Posted by on Feb 5 2015. Filed under Energy, Featured, Finance, Finance & Banking, National, Oil & Gas. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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