This is of course one of the questions we ask ourselves when we have to go abroad. What currency is used there, what money should I take with me, where should I exchange next time, what budget should I plan for the place, should we leave a tip, etc., etc.? Questions to which we offer you the beginnings of answers here.
Today we are heading to South Africa to talk about money…
What currency for South Africa?
The rand is the official currency of South Africa. It was created on 14 February 1961 at the founding of the Republic of South Africa to replace the South African pound that had previously existed.
- currency: Rand (100 cents).
- tickets: 10, 20, 50, 100 and 200 R.
- Pieces: 10, 20 and 50 cents + 1, 2 and 5 R.
- Exchange rate : it is here.
It should be noted that within the “Common Monetary Area”, the rand has legal tender in Namibia, Lesotho and Eswatini (formerly Swaziland). Which means that South African money officially circulates in these countries at a ratio of 1 = 1 to local currencies. However, the opposite is not true.
Foreign exchange and payments
It is very easy to exchange major currencies at banks and other exchange offices in the country. Otherwise, as always, you can choose to withdraw by bank card from the relatively numerous ATMs around the country.
On this last point, it should be noted for security reasons that it is better to be cautious when withdrawing cash from ATMs. We will therefore prioritize withdrawals during the day and at frequented locations.
What currency to take?
Euros (as well as other major currencies) exchange very well in South Africa. So if you want to take some cash with you, this is ideal.
On the other hand, there is no point in buying rands in your country, because apart from not always being easy to find, the rates offered are generally not very interesting. Hence the idea of waiting until you are there.
Method of payment
Payment by card is possible (with caution due to possible fraud) almost everywhere and for almost everything, except, for example, buying fuel at stations, where sometimes you have to pay in cash. But as always, beware of bank fees if you make too many purchases or withdraw small amounts.
However, it will also be in your best interest to plan to carry cash in the local currency (small denominations welcome) once you move away from the cities.
On the way back
It is always possible to change dates when leaving South Africa and elsewhere in many countries. This means that, as is often the case, exchange rates are not necessarily always the best.
Note that those continuing their journey to Namibia, Lesotho or (former) Swaziland can keep their South African money as it has legal value in these countries and can be used for anything, anywhere.
Budget
Compared to countries in the region such as Namibia and especially Botswana, South Africa is an affordable and good value destination with a budget close to that of southern European countries.
It is also true that tourism has been well developed here for years, with numerous, varied and not exorbitant transport and accommodation options in terms of first prices. Even seaside activities or safaris, despite the various options, generally remain within the reach of visitors.
In short, with an equivalent daily budget of €80/100 per person (based on two) you can start enjoying your trip, although it can also be a little less if you are “careful”. That being said, in the case of a planned safari, we will logically have to revise this budget upwards.
Which can be expensive
Which doesn’t have to cost much
- Eat local.
- Basic level camping and accommodation.
- Transport without renting a car (and more).
Tips
Tipping is a fairly common practice in South Africa. Most bars and restaurants do not include service in their bills, so it is customary to leave around 10%.
It will be 2 or 3 rand for security in secure car parks or petrol station attendants, porters 4 or 5 rand per bag, plus a change for taxi drivers, supermarket ‘helpers’ or anyone who can provide service. Likewise, also include a tip for guides and other drivers during the safari.