Cosatu calls on the Reserve Bank to cut interest rate [SOUND]

# Union federation Cosatu is urging the South African Reserve Bank’s Monetary Policy to cut the repo rate by 25 basis points when it announces its decision today. Some economists believe the rate will remain unchanged this time around while others believe there’s still room for another 25 basis point cut. Cosatu’s Zanele Sabela says a cut will help working-class families cope with the current high cost of living: