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Examples
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This emerged after a meeting of Sasbo, which is affiliated to
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Should rates rise yet again, this would only cause further hardship, retrenchments and higher unemployment, Sasbo said.
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Sasbo general secretary Shaun Oelschig said: "Inflation, as presently being experienced, is for the most part imported."
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Finance union Sasbo expressed similar concerns and called on its
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Finance union Sasbo has called on all of its 66,000 members to petition the Governor of the Reserve Bank, Tito Mboweni.
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"We believe the deal will send positive signals to the rest of the world that South Africa is prepared to open up its economy, provided companies display a commitment towards socio-economic issues in South Africa," said Ben Venter, deputy general secretary of Sasbo.
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Banking union Sasbo, however, welcomed the transaction.
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Isaac Ramputa of Sasbo, the finance union, said Cosatu's central committee would next month decide on further action.
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Sasbo represents banking officials and other employees in the finance sector.
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Finance union Sasbo has welcomed the possibility of a foreign bank buying the shares.
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