Image: ReutersThe Congress of South African Trade Unions says theThe labour federation believes that the bank should have increased the rates by a smaller margin.
“It’s a huge blow. It means that workers have less money to take home, to care for their families. It means workers’ home loans repayments, credit cards and their store payments, whatever debt they might have is much more expensive. This is devastating to the economy. We condemn the Reserve Bank for doing this,” says Parks.DA urges government to assist heavily indebted consumers
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
What are they going to do about that fact ?
Do they even care what impact it will have?
No rest for the wicked