Zuma: Price of bread, oil are dictated to people

He says it’s the capitalist class that decides the price of oil and bread and the people have no choice.

FILE: President Jacob Zuma. Picture: Kgothatso Mogale/EWN.

JOHANNESBURG - President Jacob Zuma says that the price of bread and oil are dictated to people because they are controlled by a class that must make a profit.

The president was speaking at the Congress of South African Trade Unions' (Cosatu) congress in Midrand this evening.

He says it's the capitalist class that decides the price of oil and bread and the people have no choice but to eat and fill up their cars.

Zuma says because this is a class that must make profit.

As a result, he says the alliance and Cosatu must be united to fight this enemy.

He also says the tripartite alliance is more important now than it was before 1994.

WATCH: Divisions riddle Cosatu national congress

LEADERS NOMINATED TO RETURN TO THEIR POSITIONS

Earlier this evening, Cosatu president Sdumo Dlamini and the majority of his fellow leaders have been nominated to return to their positions without facing any competitors.

But the Food and Allied Workers Union (Fawu) says it wants to reopen the nominations process.

Dlamini, his deputy, the position of treasurer and second deputy president have all been nominated and don't face any challengers.

Bheki Ntshalintshali has been the deputy general secretary up until now and he's been nominated uncontested to the post of general secretary.

But Fawu says it wants the nomination process to stay open for now which would mean they could all face challengers.

However, it appears that they are only being backed by one or two unions while the vast majority wants the process closed now.

Meanwhile, the position of deputy general secretary will be contested between Solly Phetoe and Oscar Phako.

DLAMINI WARNS ANC

Cosatu president warned the African National Congress (ANC) that it shouldn't dare touch workers provident and pension funds.

He also says the implementation of treasury proposals to preserve the money would spell disaster.

Dlamini has spoken on a range of issues, including the state of the alliance, an apparent destabilisation plot and a jobs bloodbath looming in several sectors.

The proposal by National Treasury has angered Cosatu as it will limit workers' access to funds.

Dlamini says people have said if the government follows through with the proposal, Cosatu won't campaign for the ANC in the upcoming elections.

He says this is a warning to the ruling party.

The Cosatu president says if the ANC wants to use workers' provident funds, it must first consult with the federation.

The implementation of the proposal has been delayed since last year.