SOUTH AFRICA BANKING SERVICES
Money can also be withdrawn at automated tell machines (ATM) of which there are many countrywide. South Africa’s ‘big 4’ banks are ABSA Bank, First National Bank, Nedbank and Standard Bank. Banking hours are generally 09h00-15h30 on weekdays and 08h30 – 11h00 on Saturdays.
All major credit cards are accepted in the country, particularly MasterCard, Visa, American Express and Diners Club. Be aware, however, that you can’t purchase fuel on a credit card.
Foreign currency can be exchanged in banks, bureaux de change and some hotels. It is suggested you bring them in hard currencies. Most retail purchases carry a VAT levy of 14%, which is refunded to foreign tourists at departure points, subject to stipulated amounts spent, completion of the necessary forms and presentation of original tax invoices.
The South African Rand is divided into 100 cents
Coins come in denominations of 5c, 10c, 20c, 50c, R1, R2 and R5
Notes come in denominations of R10, R20, R50, R100 and R200