MISA says unemployment crisis is being worsened by state policies [SOUND]

# The Motor Industry Staff Association says the unemployment crisis is being worsened by government policies, including the recent increase in the repo rate. The association’s Phakamile Hlubi-Majola argues the rate hike from seven-percent to 7.25-percent will make borrowing more expensive and could hurt the motor industry by reducing demand for vehicles. Hlubi-Majola calls for greater public investment and job creation to address unemployment: