S.A Union Welcomes Inflation Drop, Urging Reserve Bank to Lower Repo Rate

S.A Union federation Cosatu has welcomed the drop in consumer inflation from 4.4-to 3.8-percent, saying it offers relief to struggling workers. Spokesperson Matthew Parks is urging the South African Reserve Bank to reduce the repo rate by at least 50 basis points to ease debt burdens. He also calls for government intervention to stabilise Eskom and reduce fuel prices: