Rolex Oyster Perpetual Date watch at a store in Rome, Italy on 26 March 2024. (Jakub Porzycki/NurPhoto via Getty Images)
Rolex, a symbol of luxury and the go-to watch brand for celebrities and affluent South Africans, is set to close its doors in South Africa, opening opportunities for owners and resellers.
After keeping time in South Africa for 76 years, the luxury watchmaker, along with other companies, will be exiting its affiliate office in South Africa.
According to the brand, the departure is due to changing local markets and conditions, which no longer justify its presence, as previously reported in News24.
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