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World  /  Africa & the Middle East  /  South Africa  /  Entry Requirements  /  Money

South Africa Guide

Entry Requirements

Money

    South Africa's currency is the rand (R), often called the "buck", divided into 100 cents. Notes come in R10, R20, R50, R100 and R200 denominations and there are coins of 5, 10, 20 and 50 cents, as well as R1, R2 and R5. At the time of writing, the exchange rate was hovering at just around R14 to the pound sterling, R7 to the US dollar, R10 to the euro and R6 to the Australian dollar.

    All but the tiniest settlement will have a bank where you can change money swiftly and easily. Banking hours are Monday to Friday 9am to 3.30pm, and Saturday 9am to 11am; the banks in smaller towns usually close for lunch. In major cities, some banks operate bureaux de change that stay open until 7pm. Outside banking hours, some hotels will change money, although this entails a fairly hefty commission. You can also change money at branches of American Express and Rennies Travel.