COSATU urges SARB to cut repo rate amid worker debt crisis [SOUND]

# COSATU has called for a 50-basispoint repo rate cut as the South African Reserve Bank’s Monetary Policy Committee meets today. Cosatu’s Matthew Parks says with falling inflation and workers burdened by debt and rising living costs, the economy needs relief. Despite 44-billion-rand unlocked through pension reforms, most workers remain indebted. He emphasised that a rate cut would offer critical support to struggling households and help revive stagnant economic growth: