Police rushed to the scene and found the deceased lying on the ground.
The renaming process often proves to be controversial in South Africa, but the ANC is standing its ground on this one.
The intelligent, black entrepreneur is the founder and chairman of Mind Newtrition which began in 2017.
Meanwhile, the 49-year-old man appeared in the Nqanqarha (Maclear) Magistrates court on Tuesday for attempted murder.
There was a deep-seated belief that the country was headed in the wrong direction.