Saftu denounces Reserve Bank’s decision to keep the repo rate unchanged [SOUND]

# Union federation Saftu says the continued high interest rates hinder economic growth and impact consumers in the country. The monetary policy committee of the South African Reserve Bank has kept the repo rate steady at 8.25-percent for a seventh consecutive meeting. Saftu’s spokesperson, Trevor Shaku, says the current economic landscape in the country is characterised by job losses, wage disparities, and high interest rates, and the working class has borne the brunt of these financial challenges: