South African tech and hardware stores coping with weak rand — how it hurts prices

South African tech and hardware stores surviving weak rand — how it hurts prices

The volatile rand has a significant impact on the prices of tech products in South Africa, three tech retailers told MyBroadband.

Raftopoulus said other elements added to the price calculation, such as fees for shipping, importing, and customs. If a distributor charges more, Dreamware’s prices will go up, while the opposite will happen if the distributor’s prices decline. With their items coming from the US and Europe, the stores’ prices are also subject to change based on the rand’s value to the euro.

For example, a company can purchase forward cover before the release of a highly-anticipated product — such as Apple’s iPhone series.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

mybroadband /  🏆 11. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

[TOP STORY] Is the South African consumer in a perilous position?[LISTEN] Our big worry [with] food retailers would be shortages ... there could be some pretty big shortages coming in the next 6-8 months: Evan Walker of 36ONE on MoneywebNOW with SimonPB foodsecurity inflation Download the podcast
Read more »

South African players dominate first URC Dream Team | The CitizenTen South African players are included in the team, selected by the media.
Read more »

South African architect's designs make international headlinesStefan Antoni has received a shout out from CNN for his work. The architect is the mastermind behind what's been dubbed 'structural gymnastics'. From Cape Town to Russia and beyond, this is what he's building:
Read more »

South African entrepreneur celebrated on Forbes Africa 30 Under 30Mzansi is always thrilled when one of our own illustrates the innovation and skill that originates from of our resilient continent, Africa. That's why we're giving a collective applause to Himkaar Singh, a South African entrepreneur who has been named as one of Forbes Africa’s 30 Under 30.
Read more »

Only 27% of South Africans trust Parliament to do its job properly - South Africa TodayPerceptions play an important role in politics and to restore the public’s faith in Parliament’s credibility, Members of Parliament must stand up and take the lead. According to a poll conducted last year, only 27% of South Africans trust Parliament to do its job properly. And the fact that this institution is experiencing a crisis […]
Read more »