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COSATU march to SA Reserve Bank in Pretoria over ‘high cost of living’

The Reserve Bank recently increased interest rates by 25 basis points, raising the repo rate to 7% and the prime to 10.5%.

Members of unions affiliated to the Congress of SA Trade Unions (COSATU) marched to the offices of the South African Reserve Bank in Pretoria on Friday. Photo: Warren Mabona
More than 200 members of unions affiliated to the Congress of SA Trade Unions (COSATU) marched to the offices of the South African Reserve Bank (SARB) in Pretoria on Friday to protest about the high cost of living and unemployment, among other concerns.
This follows a recent decision by the Reserve Bank to increase interest rates by 25 basis points, raising the repo rate to 7% and prime to 10.5%.
Gauteng chairperson Amos Monyela told GroundUp that workers were battling with the high cost of living. “We want the SARB to…

Read More: COSATU march to SA Reserve Bank in Pretoria over ‘high cost of living’.

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