{"id":58108,"date":"2013-09-05T10:31:06","date_gmt":"2013-09-05T08:31:06","guid":{"rendered":"http:\/\/mygaming.co.za\/news\/?p=58108"},"modified":"2013-09-05T10:47:57","modified_gmt":"2013-09-05T08:47:57","slug":"gta-5-price-increase-in-sa-distributor-retailers-respond","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/business\/58108-gta-5-price-increase-in-sa-distributor-retailers-respond","title":{"rendered":"SA GTA 5 price increase: distributor, retailers respond"},"content":{"rendered":"

Ahead of the big release of Grand Theft Auto 5 on 17 September, retailers have been informed that the price of the game is to increase, resulting in higher prices from what they currently offer. MyGaming spoke to some retailers about the price increase.<\/p>\n

Animeworx confirmed the price increase and gave some reasoning, also offering some peace of mind for gamers who have already pre-ordered.<\/p>\n

\u201cWe have been informed of the increase; it seems all of retail has received the notification and you will see price adjustments everywhere from tomorrow,\u201d said Animeworx on Wednesday, 4 September.<\/p>\n

\u201cWe have updated our pricing online, however customers that ordered at the previously listed price will still be supplied at that listed pricing. All new orders going forward will be supplied at the revised price.\u201d<\/p>\n

\u201cWhile the price increase isn\u2019t all that significant, it\u2019s obviously necessary with the fluctuating rand and the recent devaluation of our currency,\u201d added AWX.<\/p>\n

Kalahari further confirmed that the price would be increasing, but assured gamers who secured their GTA 5 pre-order previously that they will pay that specific price.<\/p>\n

\u201cWe will still charge customers the price they pre-ordered for, but the price will be going up,\u201d said Kalahari.<\/p>\n

\"GTA<\/a><\/p>\n

CNA Online also added that the price of the game would be adjusted to compensate for the exchange rate and RRP of the distributor.<\/p>\n

\u201cIn light of weakening currency situations, our distributors have increased the price of GTA and we will be pricing our product in line with the recommended selling price of the distributor and the market,\u201d said a spokesperson for CNA Online.<\/p>\n

MyGaming spoke to Megarom, the official distributor of Take-Two Games in South Africa, and it was explained that the increase has to do with the exchange rate.<\/p>\n

Megarom\u2019s Devon Stanton explained that Megarom tried to secure the lowest possible price for the game by purchasing stock in advance, securing the order with the current Rand price at that time.<\/p>\n

The problem is that if the Rand slips beyond a certain threshold (which it did), then you lose the stock at the previous price and have to pay the new price in the current exchange rate.<\/p>\n

Due to this, the RRP price of GTA 5 went up 2.7%, which retailers responded to by adjusting their respective prices, Megarom explained.<\/p>\n

More SA gaming news:<\/h3>\n

Imax South Africa launch details<\/a><\/strong><\/p>\n

Kalahari spring game sale drops prices on big titles<\/a><\/strong><\/p>\n

Takealot PS4 pre-order price goes live<\/a><\/strong><\/p>\n

rAge 2013: more details roll in<\/a><\/strong><\/p>\n

Kalahari PS4 pre-order price goes live (update)<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Grand Theft Auto 5’s SA pricing has increased, with retailers explaining the jump in cost<\/p>\n","protected":false},"author":196,"featured_media":58109,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[2],"tags":[2851,11178,6935,3309,2603,3308,2009,21,1623,2219,193,745,11177,5793,11176],"class_list":["post-58108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-animeworx","tag-awx","tag-cna","tag-grand-theft-auto-5","tag-grand-theft-auto-v","tag-gta-5","tag-gta-v","tag-headline","tag-kalahari","tag-megarom","tag-rockstar","tag-rockstar-games","tag-sa-game-news","tag-sa-gaming-news","tag-sa-pricing"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/58108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/196"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=58108"}],"version-history":[{"count":1,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/58108\/revisions"}],"predecessor-version":[{"id":58110,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/58108\/revisions\/58110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media\/58109"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=58108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=58108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=58108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}