GIWUSA says the 25 basis points rate cut is an insult to workers [SOUND]

# The General Industries Workers Union of South Africa has expressed disappointment with the South African Reserve Bank’s Monetary Policy Committee’s decision to cut interest rates by 25 basis points. The union’s president, Mametlwe Sebei, says this low reduction is an insult to workers and the poor, who are drowning in debt. He adds that this proves that SARB serves financiers and not workers: