The South African currency unit is the rand (ZAR or R), with 100 cents making up R1. Banknotes come in R10, R20, R50, R100, and R200. Coins are available in denominations of R1, R2, R5, and 1c, 2c, 5c, 10c, 20c, 50c -- small change doesn't buy much; good to use for tips.
Here is a reference table of approximate exchange rates (for up-to-date exchange rates, please check xe.com before you travel):
| 1 unit of current | ZAR |
| AU$1 | 11.35 |
| NZ$1 | 10.30 |
| US$1 | 17.85 |
Correct as of December 2024
Recommended Payment Methods
It’s advisable to carry a mix of cash and credit/debit cards for convenience and security while traveling. Many places accept cards, but having cash on hand is crucial for smaller transactions, especially in rural areas.
Exchanging Money
Money can be exchanged at international airports, banks, and authorized foreign exchange bureaus. Some hotels and major shopping centers also offer currency exchange services. Be aware of potential hidden fees during exchanges. In rural areas, options for currency exchange may be limited.
ATMs
ATMs are widely available in urban areas, and most accept foreign cards. Look for ATMs associated with major banks for better security and competitive exchange rates. Keep in mind that there may be service fees for international withdrawals, so check with your bank before traveling. Inform your bank of your travel plans to avoid any card issues.
Please be wary when drawing cash -- don't be distracted by strangers, and make sure they keep their distance. Most ATMs in cities are guarded at night, but it's better to draw in daylight.
Credit/Debit Cards
Credit and debit cards are accepted at most hotels, restaurants, and shops in urban areas, with Visa and MasterCard being the most commonly accepted. However, many smaller establishments and markets, especially in rural regions, may not accept cards. Therefore, always carry cash for smaller purchases and transactions.
General Pricing Guide
Here’s a general idea of costs for food and drinks in South Africa:
- Snack (chips or biscuits): R25
- Bottle of water (1L): R15
- Local beer: R30-R50
- Convenience store sandwich or salad: R40-R60
- Pastry from a bakery: R20-R35
- Plate of local dishes (e.g., bunny chow or bobotie): R80-R150
- Lunch or dinner at a mid-range restaurant: R200-R400
- High-end meal: R500-R1,000
Ensure you have sufficient funds for personal expenses such as drinks, snacks, and souvenirs.
Plan Ahead
Be prepared with enough cash on hand, especially in remote areas where banking services may be limited. Familiarize yourself with your spending habits early in your trip to avoid last-minute issues. Always check the opening hours of exchange desks and ATM availability, particularly outside of major cities.