I bought my S3 for R6999 a week or 2 after it was launched - R8500 from IC is an indication it will be cheaper elsewhere - and in relation to the price for the S3 - its not too badly priced in my opinion.
Cacell had the S3 for R7200 right at launch. Hopefully they and others will have the S4 for R7.5k and under. Not that it concerns me. I got my S3 in June last year and it will last me just fine until the S5 or whatever comes along.