By Mikhaila Crowie
14 August 2008
The Federations of Unions of South Africa (FEDUSA) has sent an open letter to Reserve Bank Governor, Tito Mboweni, regarding the meeting that took place yesterday, regarding the monetary policy.
FEDUSA secretary general, Dennis George said Mboweni should not increase the interest rates as it would be counter-productive.
“It will be totally unfair to put further burden on people with mortgage bonds and with higher purchase agreement.”
George also said FEDUSA believes that commercial banks are the only ones who would benefit from the high interest rate payments that the working class must pay on the mortgage bonds.
Subscribe to:
Post Comments (Atom)
-
A man suspected of killing and raping a number of members of the farm worker community in Philippi on the Cape Flats appears in a Cape Town ...
-
''Human behaviour is the main cause of wildfires.'' These remarks were made by the Western Cape’s Local Government, Environm...
No comments:
Post a Comment