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 TransferGo card in South Africa
The TransferGo card helps you spend smarter in South Africa. Pay in local shops, withdraw cash from ATMs, and enjoy contactless or virtual payments — all while avoiding hidden bank fees and poor exchange rates. Everything is managed from the app, so you’re always in control of your money.
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 TransferGo card.
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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 the TransferGo card in South Africa?
Just activate it in the app and start spending — online, in stores, or at ATMs.
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 TransferGo card in South Africa?
Yes! You can use your TransferGo card for spending, withdrawing, or managing your money— with fair rates and no hidden fees.