Loading market data...

Business · South Africa

Smartphone Costs Deepen South Africa’s Economic Divide

TechCentral · 2026/01/29

Summary

In South Africa, many people still find it hard to afford smartphones, which is creating a new economic divide. Smartphones are not just for communication; they provide access to important services like banking, job searching, and education. When more people can afford smartphones, they can join the digital world and improve their daily lives. This can help more South Africans find jobs, access financial services, and participate in the economy. Bridging the smartphone affordability gap is important because it supports financial inclusion, meaning more people can safely use banking and payment apps. It also opens doors to new job opportunities and online learning. Making smartphones more affordable could help reduce economic inequality by giving everyone equal access to technology. Many experts believe that by focusing on this issue, South Africa can create a stronger and more inclusive economy where more individuals have a chance to succeed.

OnABudget takeaway: Affordable smartphones are key for South Africans looking to save money and access jobs or online banking. For small businesses and investors, expanding access means more customers and opportunities in the digital economy.

Read the original article on TechCentral