We are starting to charge in South African Rands (in South Africa only), instead of US dollars for a variety of reasons. The drawback to this to you as an end-user in South Africa is that we have to add Value Added Tax (14%) to all your credit purchases in the future. The benefit is that our Skyrove hotspot providers will no longer be losing revenues because of overseas bank transfers, and therefore we expect to see reductions in pricing at hotspots soon. Another benefit is that the price per credit is now fixed at 8 South African cents, including VAT, and does not vary based on the exchange rate. Furthermore, our new credit card processing system is a lot quicker than PayPal was, and also does not ever require you to register for any special service such as PayPal’s, which should lead to a lot less frustration. If you are having any problems making payments with the new system, please don’t hesitate to contact us on info@skyrove.com or by phone on +27 (21) 4488843. Best, Henk

We are in the process of implementing a new credit card processing system for Skyrove payments. In future, all payments made from within South Africa will be done in South African Rands, instead of dollars. All payments made from outside of South Africa will still be done in US Dollars. This has the following implications for South African Hotspot Providers: 1. The price per Skyrove credit will be fixed at 0.0702 SA Rands, EXCLUDING VAT. i.e. 0.08 SA Rands INCLUDING VAT. 2. If your company is VAT registered, Skyrove will pay out based on the VAT INCLUSIVE rate. If your company is not VAT registered, Skyrove will pay out based on the VAT EXCLUSIVE rate. Please provide us with your company details and VAT registration number if you are based in South Africa and need to declare VAT. All revenues accrued in April will be based on this new system, i.e. the first payment to be made using the new, fixed conversion rate will be made at the end of May 2007.

Start-up opens the way for more entrepreneurs ‘I was a student who couldn’t afford broadband,’ says Henk Kleynhans, the CEO of Skyrove. ‘I thought sharing broadband with my digsmates through WiFi would be a way to make it more affordable for all of us. That’s how I came up with the concept of Skyrove.’

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