Hard drive pricing still high in South Africa

My words exactly to someone this morning.
 
The whole hard drive price hike is a price fixing scam. Realistically only WD prices would have sky rocketed and they would go bust. Samsung build all components themselves so I cannot understand why there prices tripped.
 
"The exchange rate for the beginning of September sat at R7.03 to the dollar. This skyrocketed to a peak of R8.52 in late November, before dropping slightly to current levels of around R7.55 per dollar."

I'm confused by the use of adjectives here. A devaluation of R1.49 is seen as skyrocketed but a increase in value of almost a Rand is seen as dropping slightly...
 
Ever the bad news for consumers here in S.A.Bet the stock pre-Sept flooding that was not sold by early Dec suddenly skyrocketed though it was bought pre-Sept flooding.I go with Rouxenator on this and declare a price fixing scam.And I bet even if the rand reached a range of R6-R6.80 we will never see "savings" passed on to the consumer.
 
Hard drive pricing is still high internationally, following flooding in Thailand that was described as the world’s fourth costliest natural disaster by the Work Bank.
Click to expand...

I suppose you meant "The World Bank"

;)
 
siraman said:
Ever the bad news for consumers here in S.A.Bet the stock pre-Sept flooding that was not sold by early Dec suddenly skyrocketed though it was bought pre-Sept flooding.I go with Rouxenator on this and declare a price fixing scam.And I bet even if the rand reached a range of R6-R6.80 we will never see "savings" passed on to the consumer.
Click to expand...

We all saw this coming. Floods are over, "epic shortage" causing prices to more than double (LOL, like half the hard drives in the world miraculously disappeared) is gone, now local distributors are coining it since they're probably buying it for normal or close-to-normal prices again and they noticed SA consumers are suckers who would go on buying at these silly prices. Why make low margins when you can have close to clothing industry-levels?
 
It was like a few years ago memory prices were high due to some earthquack or something other affecting a major assembly plant... but all memory went up, even with Rectron who have their own assembly plant in Midrand.
 
siraman said:
Ever the bad news for consumers here in S.A.Bet the stock pre-Sept flooding that was not sold by early Dec suddenly skyrocketed though it was bought pre-Sept flooding.I go with Rouxenator on this and declare a price fixing scam.And I bet even if the rand reached a range of R6-R6.80 we will never see "savings" passed on to the consumer.
Click to expand...
Luckily I don't need to buy hdd's, I can always watch, delete and redownload later when I get uncapped(hopefully soon). I think one of the suppliers are going to crack soon and the market will get flooded with all the current stockpiles, prices will drop to the lowest levels ever.
 
siraman said:
Ever the bad news for consumers here in S.A.Bet the stock pre-Sept flooding that was not sold by early Dec suddenly skyrocketed though it was bought pre-Sept flooding.I go with Rouxenator on this and declare a price fixing scam.And I bet even if the rand reached a range of R6-R6.80 we will never see "savings" passed on to the consumer.
Click to expand...

I got a 2TB verbatim drive from Incredible end Sept @R1400, went back a week later and the same drives had new price tags stuck over the last price at R1800
 
Drive prices have come down a LITTLE bit..

You can get a 2TB for R1200 - R1300 now.. but its still nearly double the price of what it used to be.
 
The article mentions nothing about the current manufacturer production levels. This was the initial reason for the increase in price. Apparently because of the flooding the manufacturers could not keep up with their required production levels and due to the fact that there was a high demand and short supply the shortfall was passed over to the consumer. Surely by now there must be a significant improvement in the production levels. If not, then I would have to agree prices have been artificial raised.
 
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