Small and Medium Enterprises (SMEs) must use the current interest rates reprieve to improve management of debt. This is according to Daniel Kaan, CEO of Core Lending at FNB Business.

The Gauteng government is particularly interested in the real impact of the expansion of retail giants into township markets, Gauteng MEC for Economic Development, Environment, Agriculture and Rural Development Lebogang Maile said.

Eskom has reduced its tariff hike request to 9.5 percent from 12.7 percent, acting chief executive Brian Molefe said.

Gauteng residents need to change their mindsets on e-tolling, Roads and Transport MEC Ismail Vadi said.

The price of petrol is expected to rise again in July in South Africa, which will come as another body blow for consumers who potentially face fresh electricity hikes.

South Africa's consumer inflation rate rose to 4.6% in May, the highest level this year and 0.1 of a percentage point higher than the corresponding annual rate of 4.5% in April 2015.

South Africans can choose between the pain of higher electricity prices to pay for Eskom’s diesel, or power cuts and damage to the economy.

When Brait agreed to pay about $1.2bn for UK fashion chain New Look last month, South African billionaire Christo Wiese’s investment company took a leaf from an increasingly popular book.

While it may hurt the domestic poultry industry, South Africa’s decision to concede on US chicken imports will save jobs in other sectors, said the special envoy on the African Growth Opportunities Act (Agoa).