Friday, September 23, 2011

Cosatu accuses Reserve Bank of ignoring the poor

By Lelethu Mquqo
23 September 2011

Cosatu has slammed the Reserve Bank’s decision to keep interest rates unchanged as being out of synch with government’s commitment to make 2011 the year of job creation.

The union federation says many conservative governments around the world are slashing interest rates to save jobs.

It adds that the decision will make South African exports uncompetitive.

Cosatu accuses the central bank of being indifferent to the plight of the poor who are reeling under the pressure of sky-rocketing food, fuel and electricity prices.


At Friday, 23 September, 2011, Anonymous Anonymous said...

this is a classical example of a kettle telling a pot that its black. cosatu is aligned to the anc that has econmic policies which oppress the poor,they are just cheap talking as its a pre-condition to their existence to come across as if they are pro-poor.


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