Wednesday, May 27, 2009

Numsa demands economic development

By Yamkela Xhaso
27 May


The National Union of Metalworkers plans to march to the Reserve Bank to protest against the capitalist system.

Numsa is demanding a radical cutting of interest rates, regulation of banks and the scrapping of inflation targeting.

The trade union wants the Reserve Bank to prioritise employment, growth and sustainable development.

It says the demands were made in the middle of increasing retrenchments, temporary lay offs, falling wages and sky rocketing bank charges and interest rates.

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