Enough of profiteering and unscrupulous enterprises
ELECTED public officials, including members of Parliament and members of provincial legislatures, supposedly represent our interests.
These people must protect and shield us, especially the poor and most vulnerable, against exploitation, high food prices, unfair business practices, against colluding cartels and unscrupulous enterprises.
They need to use their positions in power to legislate against these unfair practices and to ensure that those empowered by the constitution, including chapter 9 institutions, the NPA (National Prosecuting Authority), etc, are held accountable when they fail us.
If this is the case, why are these elected officials allowing major supermarket chains, municipalities, essential service providers, telecommunications companies, etc to turn a blind eye to the profiteering in this country?
On a daily basis our poor people are faced with massive price increases on essential goods and services.
Municipalities are increasing the cost of water, electricity and other services. Basic food prices have skyrocketed over the last few years. A basic food basket in a supermarket could easily set you back R1 000! A trolley load of food items could set you back more than R3 000. Are these people going absolutely crazy?
Meantime, wages and salaries appear to be increasing way below the inflation rate. Even people I considered well-off before are now complaining about the high prices of basic items in this country.
If we, the people, do not rise up soon and force the government to deal with these ungodly people, we’ll have huge problems in this country. These companies are profiteering at the expense of the poor! Do yourself a favour and read over the last financial statements of Pick n Pay, Shoprite, Spar and other major corporates and retailers.
Even after tax, these companies have billions of rand in the bank. Their CEOs take home annual salaries ranging between R7 million and R50m, excluding bonuses and other benefits. I fully understand basic principles of business – it is to make a decent profit and to keep the investors happy. However, when it borders on profiteering and making essential items inaccessible for the majority of our people, it becomes profiteering and the government must step in.
The government’s tardiness in dealing with major corporates in the private sector involved in price-fixing, collusion and corruption, is another worrying concern.
The public should scrutinise their elected public officials and investigate their roles in supporting some of these retailers who continue to rip off our people. These politicians are shareholders in some of these companies and that is exactly where the problem lies.
This criminal and reckless profiteering, the massive unemployment rate in this country, the huge disparity between the rich and the poor, and all the other related issues faced by our people is a clear recipe for disaster, which could lead to civil unrest.
We can no longer expect the poor majority of this country to hope and pray that prosperity will some day filter through to them, too. I urge the government to urgently kick-start the process of having meaningful discussions with the private sector, especially those companies dealing in essential food items, communications companies, banks and also government entities, in an effort to bring down these sky-rocketing prices.
Failing this, the people should consider going back to the 1980s and 1990s and start consumer boycotts of companies and products which contribute to the demise of our people and our communities. Consumer boycotts will negatively impact on all our lives, but it will drive down prices, especially on essential goods and services. Companies will only change their ways once we start hitting them where it hurts. Rozario Brown Mitchells Plain