LAGOS – With rising U.S. tariffs on technological goods affecting global supply networks, numerous nations are seeking alternative options for purchasing fresh telecommunications and information technology equipment.

The most recent example of this trend can be seen in South Africa’s IT Asset Disposition (ITAD) and refurbished IT sectors, which are increasingly becoming vital resources for businesses looking to cut costs.

As new hardware prices rise due to global trade disputes, local companies are shifting towards premium refurbished tech solutions to control their IT expenses and ensure operational stability.

Recently, new policies implemented by the United States have introduced substantial tariffs on imported technological components. This has led major companies from China and Vietnam to increase their prices for essential items like memory chips by as much as 15%.

This worldwide rise in prices is exacerbated within the country by a 0.5% hike in Value Added Tax along with a declining rand, which dropped by 3% just in early April, adding more pressure on IT spending.

As companies struggle with increasing operating expenses and fluctuating currencies, numerous Chief Information Officers (CIOs) are prolonging the lifespans of their IT assets, postponing upgrade schedules, and considering used equipment options," explains Wale Arewa, CEO at Xperien. "This shifts the role of IT Asset Disposition (ITAD) from merely being an aspect of sustainability into a key business strategy—offering economic benefits alongside ecological advantages.

He stated that the renewed IT market presents an attractive value proposition under these economic challenges, like

Regarding costs, businesses can save up to 70% compared to purchasing new equipment, which frees up capital for innovation and expansion.

Prolonging the life of devices decreases e-waste and leads to notable reductions in carbon footprints, thereby enhancing ESG performance.

Provided by Syndigate Media Inc. ( Syndigate.info ).