Currency and Banks
The unit of currency in South Africa is the South African Rand (ZAR) and is indicated with a capital R so that, for example, three Rand and fifty cents would be written R3.50. South Africa has a decimal currency system with one Rand equalling 100 cents. Denomination of Rand notes are R200, R100, R50, R20, and R10 and of the coins are R5, R2, R1, 50c, 20c, 10c and 5c.
The following exchange rates on average are:
|1 United States Dollar = ZAR 12.70||1 Euro = ZAR 13.80|
Facilities for cashing traveller’s cheques are available at banks (operating hours are Monday – Friday 09h00 – 15h30, Saturdays 08h30 – 11h00) and at most hotels. Banks are closed on Sundays. Foreign exchange agencies are open during the week and on Saturdays. Automatic teller machines (ATM) are open 24 hours and are located at most banks as well as at the Congress Venue. International credit cards (Visa, Diners Club, MasterCard and American Express) are accepted at the majority of hotels, restaurants and shops.
Price Guidelines (for illustration purposes only)
Prices will vary, but the following is an indication of what delegates might expect to pay:
|Tea or coffee||ZAR 15.00||€ 1 .10||US$ 1.20|
|Restaurant meal||ZAR 200.00||€ 14.40||US$ 15.80|
|Cinema ticket||ZAR 60.00||€ 4.30||US$ 4.70|
|Wine (750ml)||ZAR 50.00||€ 3.60||US$ 3.90|
|Big Mac Burger||ZAR 30.00||€ 2.15||US$ 2.40|
|Beer (340ml)||ZAR 20.00||€ 1.60||US$ 1.60|
|Cola (340ml)||ZAR 10.00||€ 0.72||US$ 0.80|
|Sandwich||ZAR 30.00||€ 2.15||US$ 2.40|
Gratuities are not obligatory but are expected in South Africa. A guideline for visitors is the following: Airport porters ZAR 5 per item, taxis 10%, waiters and waitresses in restaurants 10%.
Most international traveller’s cheques are accepted, provided they are in an acceptable currency and may be cashed at most banks. Many hotels and shops also provide this service. Please note that Credit Cards or Cash are generally a more acceptable form of payment.
VAT / Tax Refunds
VAT of 14% is levied on nearly all goods and services. Foreign tourists may claim back VAT paid on goods or products (not services) that will be taken out of the country. Original tax invoices, foreign passport, plus all the items on which a refund is claimed, must be presented at the VAT Refund Administration Office or an appointed RSA Customs and Excise Official on departure, and the total VAT on these items will be refunded.