UASA welcomes the South African Reserve Bank’s Monetary Policy Committee (MPC) decision to keep the interest rate at 3.5% during its last meeting for the year 2020.
We are pleased that the repo rate was kept constant as the economic effects of the various lockdown regulations are still propagating and will still be felt for months or even years to come.
With many workers having lost incomes or received salary cuts, the extra savings will help make the festive season a little bit easier for the country’s millions of struggling workers who had little to look forward to after a devastating year.
UASA urges its members to keep a tight budget over the festive days and to be prepared for January with its school fees, uniforms, books and stationary expenses.
For further enquiries or to set up a personal interview, contact Stan Mazhindu at 074 978 3415.