South African Currency and Financials
South Africa‘s currency and financials gives information for all travellers to the country.
The official currency is the Zuid-Afrikaanse Rand, which takes its name frm the Witwatersrand (White-waters-ridge in Afrikaans). As most of South Africa’s gold deposits were found here, it was the most logical place for Johannesburg to be built.
The beautiful Rainbow National has everything for the traveller. Rich in its culture and history, each province has something to offer the visitor.
And South Africa is not just about Kruger National Park. Travel to the sun drenches beaches of KwaZulu Natal or the mesmerising Garden Route. Here kilometre after kilometre of coastal beauty can be enjoyed.
South Africa‘s official currency and financial information
If you intend on visiting South Africa please note the South African monetary unit is the South African Rand (R) and it equals 100 cents.
The international symbol of the Rand is ZAR. Bank notes are issued in denominations of:
R 200 (orange), R 100 (purple), R 50 (pink), R 20 (brown), R 10 (green)
Credit cards
All major credit cards such as American Express, Diner’s Club, Visa and MasterCard are widely accepted. Money can also be withdrawn from these cards at various cash points.
Currency control
There are no limits to the amount of cash that visitors can bring into South Africa.
However, some countries have limits on the export of bank notes and visitors are therefore advised to convert most of their money to traveller’s cheques.
On the questioin of import of foreign currency, this is free subject to declaration. Export of foreign currency is , however, limited to the amount that the visitor declared upon arrival. For more information in this matter, please contact any Customs and Excise Office.
Foreign exchange
Banks, foreign exchange bureaus and certain hotels accept all major foreign currencies, as do most restaurants,businesses and shops. The best currencies to use would be the US Dollar, the British Pound and the Euro.
Traveller’s cheques can also be exchanged at any commercial bank.
Most hotels, shops and businesses also accept traveller’s cheques but a fee may be charged for this service. American Express offices and most hotels also have exchange facilities for guests.