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The GOOD Party welcomes the unchanged inflation as announced by Stats SA.
Consumer price inflation is sitting at 3.2%, below the mid-point of the Reserve Bank's target range of 3-6%.
We urge the SA Reserve Bank Monetary Policy Committee to grant relief to cash-indebted consumers and reduce the Repo rate.
Consumers continue to face increasingly difficult decisions around spending, with the looming 0.5 percentage point VAT hike only adding further pressure to the cost of living crisis.
Our country has suffered the crippling effects of an under-performing economy for far over a decade.
The Rand appears to be surviving the Trump storm and a bold and significant interest rate cut will significantly contribute to stimulating the economy.
Issued by GOOD secretary-general Brett Herron Brett Herron
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