What repo rate means for struggling consumers

The Reserve Bank’s Monetary Policy Committee reduced the repo rate by 25 basis points to 8% per annum. Saftu's Zwelinzima Vavi and economist Dawie Roodt have more on what this means for struggling consumers.
Tune into Newzroom Afrika DStv channel 405 for more.

[@njabulomsane458]

Economic policies must address both growth and equality. Simply stabilizing the economy while leaving historical injustices unaddressed is not enough for a country like South Africa, where poverty, unemployment, and economic exclusion are rooted in colonialism and apartheid. Vavi's stance is clearly more aligned with the need for social and economic transformation that dismantles the concentration of capital in the hands of a few. He clearly won the argument...

[@phyllsmoyo]

Its time to retire some of these Economists... too much theory but dead to the real world conditions we are living in.
This economist is just speaking for the Private Sector.
Renewables were introduced and they cant even conpete with electricity price of a struggling Eskom.

[@rock882josh7]

Viva Vavi..viva

[@yashu8800]

NEWZROOM, enough with this isht%. Vavi doesn't understand the first thing about the economy, let alone the role and specific mandate of the Reserve Bank. He's all over the place here. Why is he always the go-to analyst for topics like these that cry out for expert analysis so that you viewers can understand these important issues.

[@njabulomsane458]

@@yashu8800 haha u defending a status quo that doesn't even benefit you 😂

[@yashu8800]

@@njabulomsane458 read my comment slowly, por favor. It helps us to discuss things somewhat rationally. There's a world of difference, for instance, between fiscal and monetary policy. The Reserve Bank has a fairly narrow monetary policy mandate, the journalist and Vavi were going on about macroeconomic stuff that is firmly in the purview of the government - completely irrelevant to said monetary policy. Curiously you mention something about the "status quo that doesn't even benefit you", how do you know?

[@Cramos1771]

They just cut interest rate because of USA cut interest rate, USA enable emerging markets to cut more interest rate when they cut cut interest.
😂😂😂😂. South African economist they just follow USA the king's 😂😂