COSATU denounces the latest interest rate hike by the SARB
18 March 2016
COSATU is shocked and totally condemns the decision by the Reserve Banks monetary committee to increase the repo rate by 25%.
This is the most unhelpful, unwarranted and destructive interest rate hike by the South African Reserve Bank.
This reckless decision will cause untold harm to the beleaguered workers and the poor majority.
It will further slow economic and stifle any chances of employment creation.