Archive for the ‘Currency’ Category
Currency: ZAR
The local currency is the South African rand, comprising 100 cents. Coin denominations of 5c, 10c, 20c, 50c, R1, R2, and R5 are available, as are note denominations of R10, R20, R50, R100 and R200.
Tourists will generally experience a favourable rate of exchange when visiting South Africa. However, South Africa has very strict currency exchange laws and currency can therefore only be exchanged at banks and official bureaux de changes.
South Africa’s banking system is said to be one of the most advanced in the world.
Bank branches and ATMs are widely available countrywide.
All major credit cards are accepted in South Africa, which includes American Express, Diners Club , MasterCard and Visa.
It is essential however to carry a small amount of cash, as there are certain places where credit cards are not accepted.
Local street vendors selling beautiful African curios do not have card facilities so it is important that you have cash to make that all important memorable purchase!
VAT ( Value Added Tax ) is 14% and this is levied on most goods and services. VAT can, however, be reclaimed at point of international departure.
If you would like any additional information please do not hesitate to contact Lynn at Homeleigh Halt Guest House (Bed & Breakfast style).
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