Cosatu slams Reserve Bank over interest rate hike decision [SOUND]

# Union federation Cosatu has criticised the South African Reserve Bank’s decision to raise the repo rate by 25-basis points to seven-percent. The federation argues the move will increase debt costs and deepen pressure on workers and households already struggling with the high cost of living. Cosatu’s Matthew Parks calls for an end to further rate hikes and for the government to extend fuel levy relief to help ease financial pressure on consumers: