Tariff hike will slow economic growth: UASA

2010-02-24 14:32

Eskom’s approved 24,8 percent tariff hike will slow down economic

growth, the United Association of SA (UASA) said today.


“The increase will slow down economic growth, which in turn will

mean that fewer jobs will be created. In fact, many industries might be forced

to resort to a reduction of their workforce once again,” the union said in a

statement.


“There is simply not one industry in our economy that will not be

affected by the increase and [the] decision will have a definite negative impact

on the economy.”


UASA said that electricity hikes would worsen inflation and would

adversely affect the poor.


“Even if poor people will get a preferential electricity tariff,

they still have to eat, and will still have to pay the same as everybody else

for more expensive foodstuffs at the cash register,” Uasa said.


The union said the public was paying for policy mistakes made by

Eskom and the government.


It also criticised Public Enterprises Minister Barbara Hogan for

her stance on the tariff hikes.


“Fact is that while she and her fellow politicians will be driving

around in their luxury cars, ordinary workers will starve,” said the

union.

 

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