Money Matters, South Africa



WHAT ARE THE ESTIMATE COSTS OF THE PROGRAM?

Please see the program information flyer.

Remember to include a little cushion in your budget. Some students met with expenses that they had not anticipated such as ATM charges from their bank in the U.S., additional books, hangers, and cleaning supplies.

WHAT IS SOUTH AFRICA’S CURRENCY?

The local currency in South Africa is the South African Rand (ZAR). Listed below are some of the most common methods of money management abroad.

CAN I USE MY AMERICAN ATM AND CREDIT CARDS IN SOUTH AFRICA?

Yes. Credit Cards are widely accepted (except at gas stations) and ATM machines are widely available in the main cities and towns.

SHOULD I TIP?

It is normal to tip in South Africa, so keep your small change handy. In restaurants 10-15% is standard. Tipping tour guides, trackers and and game rangers is also the norm since they depend on this for most of their income.

WHERE CAN I CHANGE MONEY?

You will find many establishments in South Africa where money-changing services are offered. Banks are the best places; usually offering the official rate and charging a reasonable commission. Banks are generally open fewer hours than in the United States, so learn your bank’s office hours.

Helpful hints from students—MONEY

“Remember that Banks give the best exchange rates. In South Africa you have to have your passport in order to change money, no photo ID will be accepted. When you change money at an ATM machine remember the following tips; make sure the ATM is in a safe, well lit, secure location. When drawing money look around you and be alert to who is around you, look out for pick picketers. Put all your money away before you move away from the ATM. Hold your back pack in front of you at all times. Just be alert.”

“The international student ID card is very useful when traveling and also for cheap airfares.”