By Lucia Mutikani JOHANNESBURG, June 29 (Reuters) - South Africa's civil servants are demanding a 12.4 percent salary hike for 2004 -- way above the country's inflation target band -- to align their wages with those of the private sector, unions said on Tuesday. This is the latest is a series of wage demands exceeding the three to six percent inflation target. The CPIX index, tracked by the Reserve Bank for monetary policy, rose an annual 4.4 percent in May. "It is a joint union ...
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