The move will provide breathing space for an economy battered by a global pandemic and a myriad of crises.
The trade union called this a “sober decision”, saying it would provide breathing space for an economy battered by a global pandemic, a recession, unprecedented levels of load shedding, cable theft, and a myriad of other crises.
According to the union, the high interest rates will continue to deter thousands of small businesses from raising capital to expand current businesses or setting up new ones. Provide more support and relief to Eskom to end its addiction to double-digit tariff hikes year after year. Adjust the social relief of distress grant for the inflationary erosion that has weakened its ability to cushion the poor.
Develop a package of measures to help struggling consumers and SMMEs cope and spur economic growth and job creation.
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