The weak rand has resulted in higher camera and equipment prices, and has a “tremendous” effect on the local industry. This is according to Canon South Africa.
The company said Canon’s entire product range had an overall price increase of 8% early this year.
“Unfortunately, this was unavoidable due to the weak rand which affected our industry tremendously as it did most industries,” said Canon.
Good news is that the weak rand has not affected the availability of products in the country.
“Canon’s entire product range is still available in South Africa, and we will continue to supply our full range while trying to manage the impact of exchange rates on pricing for local customers.”