MONEY / CURRENCY
The unit of currency is the Rand.
R200; R100; R50; R20; R10; R5; R2; R1; 50c; 20c; 10c; 5c.
Branches of most major banks can be found in East London at the Hemingways Mall, Vincent Park Shopping Centre, Beacon Bay Retail Park, in the CBD or at the Mdantsane Mall and in King William's Town.
When travelling to the resorts East or West of East London we advise that you do your banking in East London or King William's Town, as there are no banks in the small resort towns.
Foreign Exchange facilities can be found at most major commercial bank outlets.
Rennies Foreign Exchange is at Vincent Park, Devereux Avenue:
+27 (0) 43 726 8200
American Express is in Donald Road (behind Vincent Park):
+27 (0) 43 726 0718
BANKING, FINANCE AND MONEY
The Eastern Cape provides ATM'S almost everywhere. We also have a wide range of different banks such as Nedbank, ABSA, Standard Bank, First National Bank and Boland Bank. Each of these banks also offers Internet Banking to all of its clients. Most banks are open Mondays to Fridays from 09:00 to 15:30 and on Saturdays from 08:30 to 11:00. In smaller towns banks are usually closed between 13:00 and 14:00.
Value-added-tax (VAT) is included in nearly all goods and services, meals, accommodation etc. Foreign tourists can claim the 14% VAT back provided that the value exceeds R250.00. VAT is refunded at the point of departure provided receipts are produced.
Currency and Foreign ExchangeThe currency unit of South Africa (Eastern Cape) is the Rand, denoted by the symbol R (one hundred cents makes up R1). Foreign currency can be exchanged at local banks, Bureaux de Changes, American Express, Thomas Cook, Rennies or Diners Club International offices. International credit cards such as American Express, Diners Club, MasterCard and Visa are widely accepted nation wide.
Generally Post offices are open from 08hOO - 17hOO Weekdays and 08hOO - 13hOO on Saturdays and are generally located in / near shopping centres.
Postnet outlets can also assist with your communication requirements.