Wow, this is a very nifty little toy, called YikeBike. It's a very small and very light electric bike, just fold it up and put it in it's bag whenever you must go up some stairs. That's the only time you would want to carry it as it is so compact, you can travel everywhere with it.
It has a top speed of 20 km/h and takes about half an hour to charge. Cost is a bit steep at 3900 Euro's, make that R 50 000 excluding shipment and import taxes. Hopefully one day this will be everyone's cheap way of commuting.
http://www.yikebike.com/
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