Livid workers affiliated with various trade unions staged a picket outside the SA Reserve Bank's offices in Pretoria ahead of the 50-point basis interest rate hike on Thursday
Livid workers affiliated with various trade unions staged a picket outside the SA Reserve Bank's offices in Pretoria ahead of the 50-point basis interest rate hike on Thursday. along with the General Industries Workers Union of SA took to the streets to oppose the Reserve Bank's adjustments of interest rates to combat inflation. SAFTU's general secretary Zwelinzima Vavi said:
“Every time they increase the interest rate, they are sentencing thousands if not millions of workers to poverty.” Mametlwe Sebei told City Press that the constant repo rate increases were aggravating the cost-of-living crisis.
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