Money
Currency: Rand (R) = 100 cents. Notes are in denominations of R200, 100, 50, 20 and 10. Coins are in denominations of R5, 2 and 1, and 50, 20, 10, 5, 2 and 1 cents.
Currency exchange: Money can be changed at banks, bureaux de change, some hotels, and larger shops and restaurants. Automated foreign exchange machines and ATMs are available at various locations.
Credit & debit cards: MasterCard and Visa are preferred. American Express and Diners Club are also widely accepted. Some ATMs will give cash advances with credit cards. Check with your credit or debit card company for details of merchant acceptability and other facilities which may be available.
Travellers cheques: Valid at banks, hotels, restaurants and shops. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Pounds Sterling or US Dollars.
Currency restrictions: The import of local currency is limited to R5000 in cash. The export of local currency is limited to R500 in cash. The import and export of foreign currency is unlimited provided it is declared upon arrival or departure.
Exchange rate indicators
The following figures are included as a guide to the movements of the Rand against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 14.58 | 16.45 | 14.99 | 12.83 | | $1.00= | 10.00 | 10.81 | 9.48 | 8.06 |
Banking hours: Mon-Fri 0830-1530, Sat 0800-1130.
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