MISA worried as SA’s inflation could worsen

MISA, the Motor Industry Staff Association, is cautiously optimistic following the easing of inflation to 3%.

However, it is concerned that rising petrol prices and Eskom’s tariff increase in April could push inflation higher.

The inflation rate eased from 3.5% in January to 3% in February. Statistics South Africa indicates that the 3% annual consumer price inflation is mainly driven by housing and utilities, food and beverages, as well as financial and insurance services.

“Although it is a decrease of 0.5%, there is concern about what lies ahead in the coming months. The economic crisis continues to loom for South African workers, as petrol prices are expected to increase in April by up to R4.27 per litre for petrol and over R7 for diesel, due to conflict in the Middle East.

“This will have a significant impact on South Africans, and the inflation rate is likely to rise,” says Martlé Keyter, MISA’s Chief Executive Officer: Operations.

On 1 April 2026, households in South Africa that receive electricity directly from Eskom will also face an 8.76% price increase. Consumers should brace themselves, especially with winter approaching.

Despite some positive developments, those planning to travel over Easter should be prepared to spend significantly more on popular routes.

“The hikes also affect the unemployed, deepening poverty and increasing the cost of living, while reducing their ability to find work,” says Keyter.

Issued by Sonja Carstens, Manager of MISA's Media & Communication Department, on behalf of the Union.

For press enquiries, contact Phakamile Hlubi-Majola at 083 367 6417 or email [email protected].