# The General Industries Workers Union of South Africa has opposes the South African Reserve Bank’s decision to keep the repo rate at 8.25-percent. Spokesperson Koketso Phasha says GIWUSA criticises the decision, claiming it favours the wealthy and burdens the working class and poor. He calls for a rate decrease to provide relief for citizens struggling with loans and high living costs:
GIWUSA opposes SARB’s repo rate decision [SOUND]
ENG-PhashaOnRepoRate