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Reading: Price of iPhone 15 in South Africa: Latest Updates and Expectations
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CityMedia > News > Price of iPhone 15 in South Africa: Latest Updates and Expectations
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Price of iPhone 15 in South Africa: Latest Updates and Expectations

Kelvin kayus
Last updated: 31/10/2023 2:58 PM
By Kelvin kayus
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Pre-orders for the iPhone 15 series have started in South Africa, and many people are curious about the prices. The iPhone 15 and the upgraded iPhone 15 Plus are available for pre-purchase starting from R21 999 and R24 999, respectively. Apple’s ultimate “premium” offerings, the iPhone 15 Pro and Pro Max, are also available for pre-order, starting from R30 999 and R33 999, respectively.

Contents
Current Market Value of iPhone 15 in South AfricaCurrency Exchange RatesImport Duties and Taxes

The iPhone 15 series boasts new features such as a 48MP main camera, super-high-resolution photos, and next-generation portraits. The A16 Bionic chip is also a pro-proven powerhouse, making the phone faster and more efficient. Additionally, the iPhone 15 features a durable color-infused glass and aluminum design that is splash, water, and dust resistant.

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Whether you’re an Apple enthusiast or simply in need of a new phone, the iPhone 15 series offers a range of options to fit your needs and budget. With pre-orders now available in South Africa, customers can secure their new device and look forward to experiencing the latest in smartphone technology.

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Current Market Value of iPhone 15 in South Africa

As of October 29th, 2023, the iPhone 15 has been released in South Africa with a starting price of ZAR 13,600 South African Rand. This price is for the 128GB version of the phone, with the 256GB and 512GB versions priced higher. The iPhone 15 is available in three colors: Silver, Graphite, and Gold.

According to the search results, the iPhone 15 Pro is priced at ZAR 27,699 for the 128GB version, ZAR 30,799 for the 256GB version, and ZAR 36,499 for the 512GB version. The iPhone 15 Pro Max is priced at ZAR 33,500 for the 128GB version, ZAR 36,500 for the 256GB version, and ZAR 42,500 for the 512GB version.

It is important to note that prices may vary depending on the retailer and any promotions or discounts that may be available. Customers may also have the option to purchase the phone on a payment plan or contract through their mobile service provider.

It is recommended that customers compare prices from multiple retailers and consider any additional costs, such as taxes and shipping fees, before making a purchase. With the high price of the iPhone 15, it is important to make an informed decision to ensure that the investment is worth it for the individual’s needs and budget.

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Currency Exchange Rates

When it comes to purchasing an iPhone 15 in South Africa, it’s important to consider the current currency exchange rates. As of the current date, Sun Oct 29 2023, the exchange rate for South African Rand (ZAR) to United States Dollar (USD) is approximately 1 ZAR to 0.067 USD.

This means that the starting price of the base model iPhone 15 in South Africa, which is R21,999, is equivalent to approximately $1,472. However, it’s important to keep in mind that the exchange rate can fluctuate and affect the final cost of the iPhone 15.

It’s also worth noting that some retailers may offer financing or installment plans for the iPhone 15, which can help make the purchase more manageable for consumers. However, it’s important to carefully review the terms and conditions of these plans and consider the overall cost before committing to a purchase.

Overall, understanding the current currency exchange rates can help consumers make informed decisions when purchasing an iPhone 15 in South Africa.

Import Duties and Taxes

When importing an iPhone 15 to South Africa, it is important to consider the additional costs that come with it. These costs include import duties and taxes, which are imposed by the South African Revenue Service (SARS).

According to SARS, the VAT rate in South Africa is currently 15%. To calculate VAT on imported goods, the added tax value (ATV) needs to be determined first. This is done by adding the customs value and 10% thereof, and any non-rebated duties levied on the goods, then multiplying by 15%. The resulting amount is the VAT payable.

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In addition to VAT, there are also other taxes and duties that need to be paid when importing an iPhone 15 to South Africa. These include:

  • Ad valorem/luxury tax of 15% on the listed price
  • Duty tax of 7% on top of the list price with added luxury tax

It is important to note that these taxes and duties are subject to change and may vary depending on the specific model and price of the iPhone 15 being imported.

To get an estimate of the import taxes and duties for an iPhone 15, one can use a free online duties and taxes calculator for South Africa, such as the one provided by Easyship. If the declared value of the iPhone 15 is over 500 ZAR, an import tax of 15% will be imposed on the shipment.

In summary, when importing an iPhone 15 to South Africa, one must consider the additional costs that come with it, including VAT, ad valorem/luxury tax, and duty tax. It is important to use a duties and taxes calculator to estimate these costs accurately.

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