GIWUSA demands SARB slash interest rates [SOUND]

# The General Industrial Workers Union of South Africa is demanding the South African Reserve Bank slash interest rates to align with the current inflation rate of 3.2-percent. SARB’s Monetary Policy Committee will announce its interest rates decision today. GIWUSA president, Mametlwe Sebei, says the primary purpose of interest rates must be to protect the real value of workers’ savings, pensions, and wages, not to inflate profits for a banking cartel that rigs financial markets: