Business Report writes that Cosatu on Wednesday accused food companies of exploiting the poor by increasing bread prices at a time when the cost of wheat had come down.  

The labour federation said:  “The bread companies must explain why the bread price is not coming down and how they keep their prices the same.  It looks like the collusion of the prices that they were fined for in the past has not taught them to stop robbing poor people.”  Cosatu indicated that it would embark on a march next week if the food companies refused to lower their prices.  The SA Chamber of Baking, a body that represents bakers, said it was sympathetic to the plight of the poor, but the price of bread was determined by factors beyond its control.

• Read this report by Sandile Mchunu in full at Business Report

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