An iPad 2 will cost you slightly more today (31 October 2011) than it did when the device first launched in South Africa in April 2011. A hundred Rand more, to be precise.
This comes to a 1.3% to 2.3% increase, with the lower priced models obviously seeing the higher percentage rise.
Core boss RJ van Spaandonk confirmed that they pushed up prices, and pointed out that the price increases have been in the low single digits whereas the Rand was about 20% weaker against the US Dollar during the last month.
Van Spaandonk said that they have been able to moderate the price of iPad 2′s in SA thanks to the forward cover they took out. The need for forward cover is often cited by Core as one of the reasons their prices are higher than directly converted foreign prices.
Van Spaandonk also cautioned that the forward cover wouldn’t last forever. If their forward cover expires and the Rand is still weaker than when the iPad 2 first launched in SA it could spell a significant jump in price.
via [MyBroadband]
