Cape Town 101028. Deputy Finance Minister, Nhlanhla Nene is his 120 Plein Street office. PHOTO SAM CLARK, CA, Gaye Davis

Johannesburg - Rising consumer inflation in South Africa poses a significant risk to the purchasing power of consumers and the cost of doing business in the country, Finance Minister Nhlanhla Nene said on Friday.

In a speech prepared for delivery to university students, Nene said the key challenges to the ailing economy were domestic, citing strikes that have hit the mining and manufacturing sectors. - Reuters