06-07-2016 17:44 via news.yahoo.com

Higher wage demands could deepen South Africa's monetary policy dilemma

By Olivia Kumwenda-Mtambo JOHANNESBURG (Reuters) - Demand for above-inflation pay rises in South Africa look set to aggravate the central bank's big dilemma: how to keep a lid on inflation - usually by raising interest rates - without snuffing out already slow economic growth. Wage talks between the National Union of Metal Workers of South Africa (Numsa) and employers in the auto component sector have hit a deadlock and any strikes could potentially affect car makers such as Ford, Volkswagen and
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