Cosatu calls for transformation in the Reserve Bank

Cosatu calls for transformation in the Reserve Bank

Cosatu president Sdumo Dlamini says they want the Reserve Bank to clamp down on the billions or rands that leave the country - which he says belong to the wealthy. 


Cosatu strike
Steve Bhengu



Dlamini says a large chunk of South Africa's wealth is built on the back of the working class but does not benefit workers.


He's been speaking on the side-lines of Cosatu's Durban march against corruption.


"In South Africa every year, more then R70 billion is illicitly driven out of the country and kept somewhere. Whilst people behave as if they love the country, they are investing elsewhere or they don't even have their money circulating in the country. Cosatu is very concerned about that matter and have called for the transformation of the Reserve Bank because money leaves through the banks," he says. 


ALSO READ: Cosatu march: Teachers feel robbed by govt


The march is among the 13 taking place around the country today. 

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