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May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a sizeable reduction in the local petrol price is expected, says governor Gill Marcus.
May 24 2012 15:29
The Reserve Bank will maintain current interest rates, says governor Gill Marcus.
May 24 2012 12:00
Britain fell deeper into recession than initially thought in the first quarter of 2012, upping chances that the central bank could inject more stimulus into the economy.
Cape Town - Unions planning next week's rail strike were effectively putting a gun to
the head of the poor, Western Cape transport MEC Robin Carlisle said on Monday.
He said he planned an urgent meeting with bus companies and other public
transport providers to ensure a reliable alternative for more than half a
million rail commuters who would be stranded by the strike.
His move followed a decision by the SA Transport and Allied Workers' Union
and the United Transport and Allied Trade Unions to embark on a joint strike
against the Passenger Rail Agency of SA and Transnet from May 10.
He said in a statement he understood that the unions were exercising their
right to strike.
However, it was unfair for commuters to have to bear the brunt of wage
disputes or any other labour deadlock.
"The unions are effectively putting a gun to the head of the commuter
struggling to put food on the table," he said.
"It is irresponsible
for unions to embark on strikes without taking into due consideration the
impact of their protest on the lives of commuters."
- Sapa