purejimcn
Well-Known Member
It's only "grey" if the product isn't actually manufactured by the company. In this case, no one else except Apple makes the iPad, so saying they're "grey" importers is a false statement.
For an individual importing this only Custom Duties apply. So with overnight shipping (about 3-6 business days from the USA to SA) including the minimum price of $499 it's a total of $538.99, Import Customs Duty cost (It's usually around R40 but let's say R500 because we're feeling generous), I'd be paying roughly R4407.67 (which is roughly 33% less than the quoted price, so you're right, it's not a 50% markup) today to have it in my hands within a week. I would actually then be able to afford the 64g model of for R6506.54, if I was willing to wait a couple of weeks for delivery and not have it delivered within a week. And this all from genuine Apple retailers, none of these so-called "grey" ones (actually got pricing from amazon.com)
I'm pretty sure more or less the same duties are applied to when a business imports bulk (which would save on shipping costs) but I might be mistaken. However, this country has a culture of "OMG, we're sooooooooooooo isolated from the world, and with the rand flucuating so much, OMG! We can't charge anything less than 50-100% markup or we'll be out of business" is BULL****. Profiteering and greed. That's where it's at in this country. Want to argue? Look at our dear leadership (both now and "tomorrows") and tell me I'm lying.
I really fail to grasp that importing products in bulk COSTS more to import including duties + vat that they want on top of their markup? I could phone 3 shipping companies right now (well, probably tomorrow or Monday?) and get quotes from all of them that would prove the more I ship (or import, for example via container) the better the shipping price I'd get. But no, greed is what drives this country... not proper business and competition. It's a "I want to nail as many people as possible for as much profit as possible because they don't have choice" type situation...
correct me if im wrong but isnt the markup based on the cost price? so (6299-4408)/4408-1=42.9% markup?