PSA urges SARB to consider a rate cut in November and provide relief to struggling households [SOUND]

# The Public Servants Association is calling on the South African Reserve Bank’s Monetary Policy Committee to consider a rate cut at its final meeting in November. Last week, SARB decided to leave the repo rate unchanged at seven-percent with the prime lending rate remaining at 10.5-percent. PSA’s Claude Naicker says public servants and other workers, who are under immense financial pressure, need some relief: