SACP end of year and New Year message
The SACP wishes to take this opportunity to wish all fellow South Africans, especially the workers and the poor of our country a happy festive season and a happy 2009. To the workers of our country we wish to salute them for their hard work and sweat that keep the wheels of our economy turning. For this we wish them a well-deserved rest.
The year 2008 has witnessed many problems on the socio-economic front, with a devastating effect on the workers and the poor. 2008 will be a year to be remembered by the steep and ballooning rise in food, electricity and fuel increases, especially during the first half of the year. This rise in the cost of living affected the workers and poor of our country most severely, eroding the very minimal wage increases won by the working class, and severely affecting the value of the social grants received by the poor in our country.
Despite the insignificantly modest decrease in interest rates towards the end of the year, the rise in interest rates preceding this reduction had added a further burden on the poor. The inflation targeting band and policy of the Reserve Bank, as mandated by government, needs to be urgently reviewed, as this is a blunt instrument in fighting against prices that are inspired by the rise in global fuel prices.
The SACP salutes the organized working class for the struggles waged against the rising cost of living for ordinary people, underlining the importance of ongoing mass struggles led by the working class if we are to deepen and consolidate a radical national democratic revolution. The SACP is proud for consistently being in the trenches with the working class in fighting against the (neo-liberal) capitalist onslaught on ordinary people.
The Year 2008 also saw the deepening crisis of the global capitalist system, first originating in the financial sector in the US, but spreading to the rest of the world and now having a devastating effect on the productive economy. The SACP has consistently and correctly pointed out that the current crisis is but one moment of the many crises that are inherent in the capitalist system itself, as it is a system incapable of addressing the basic human needs of the world's working and poor people. This calls for intensified internationalist working class solidarity to roll back the barbarism of the capitalist market.