Everything you need to know
South Africa Currency
Travelling to or living in South Africa? Managing your money shouldn’t be stressful. With TransferGo, you can send, spend, and exchange money affordably — so more of your money goes where it matters.
Use the GoCard in South Africa
Open a UK bank account with us and get a GoCard for smarter spending in South Africa. Pay in local shops, use ATMs globally, and enjoy contactless payments—all with zero hidden fees. Everything is managed from the app. Available only to UK and EU residents.
What is the currency in South Africa?
The official currency of South Africa is the South African rand
The rand replaced the South African pound in 1961 after decimalisation. It is issued by the South African Reserve Bank.
ZAR, R
Banknotes
R10
R20
R50
R100
R200
Coins
5
10
20
50 cents
R1
R2
R5
Popular Rand pairings
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Z
How to spend money in South Africa
Cash is common in markets, taxis, and small towns. Cards are accepted in larger cities like Johannesburg, Cape Town, and Durban, particularly in hotels, restaurants, and supermarkets. Mobile payments like SnapScan are gaining popularity. ATMs are widely available in urban areas.
Tips for exchanging money in South Africa
Use banks or licensed bureaux for fair rates.
Avoid airport kiosks.
Always pay in rand to avoid conversion fees.
Keep small notes for taxis, markets, and minor expenses.
With TransferGo, you can send ZAR to South African accounts or spend online using your GoCard.
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Frequently asked questions
What is the official currency used in South Africa?
South African rand (ZAR).
What is the official currency used in South Africa?
Symbol: R | Code: ZAR
Can I use my home currency in South Africa?
Rarely; rand is standard.
How can I use my GoCard in South Africa?
Just activate it in the app and start spending—online or in stores.
Is it better to use cash or card when spending in South Africa?
Cash is useful in smaller towns; cards are widely accepted in cities.
Are credit or debit cards widely accepted in South Africa?
Yes, particularly in urban areas.
Are there ATMs available in South Africa, and are there withdrawal limits?
Yes, mainly in towns and cities; limits vary.
Can I use a GoCard in South Africa?
Yes! You can use your GoCard for spending, withdrawing, or managing your money—with fair rates and no hidden fees.