SA wage talks, central banks turn hawkish, Tanzania-IMF

Public sector wage negotiations will soon kick off in South Africa and there are reasons to think that officials may concede further ground to trade unions. Meanwhile, after central banks in South Africa and Ghana hiked interest rates last week, their peers elsewhere in Africa are also turning more hawkish. Finally, the news that Tanzania is seeking $700m of financing from the IMF will help to shore up the country’s external position and is a further sign of the shift towards more pragmatic and orthodox policymaking under President Hassan.