GOOD Party says SARB’s repo rate cut a welcome relief for indebted consumers [SOUND]

# The GOOD Party says the decision by the South African Reserve Bank’s Monetary Policy Committee to reduce the repo rate by 25 basis points is a welcome but modest relief for indebted consumers. The prime lending rate for commercial banks decreases to 10.50-percent. GOOD’s secretary general, Brett Herron, says the country remains trapped in an economic stagnation cycle, with persistently high unemployment and unacceptably high levels of poverty: