GIWUSA wants working-class representation on SARB’s monetary policy committee [SOUND]

# The General Industries Workers Union of South Africa says the South African Reserve Bank’s Monetary Policy Committee’s decision to increase the repo rate by 25 basis points is a continuation of class exploitation by means of usurious extortion. The committee’s decision comes amid rising consumer prices caused by the conflict in the Middle East. GIWUSA president, Mametlwe Sebei, says working-class representation on the MPC and all price regulators is necessary, and the finance industry needs to be nationalised under democratic workers’ control: