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South Africa : Money & Budget
Prepare your travel to South Africa
I. Currency of South Africa
The currency of South Africa is the Rand.
It is divided into cents (1 R = 100 cents).
Coin : 1, 5, 10, 20 Cents and 1, 2, 5 Rand
banknote : 10, 20, 50, 100, 200 rand.
II. Exchange rate of South Africa
1 = 12.8 R, 1 Rand = 0,078 .
Currency Converter
III. Budget and cost of living in South Africa
Gasoline price: 7 Rands approx 0,7
Cigarettes Price: 18 Rands approx 1.8
Restaurant prices: approx 9
Mc Donald's prices (Menu Mac Chicken): approx 3
Price Hosting :
"Camping Price: Approx 8
"Price Lodge / Guesthouse: between 20 and 60
"Luxe Awards: more than 60
Price of Food:
"Beer : about 0,90
"Coca 2L : env 1,5
"Wine : env 6
"Biltong : env 1,8
IV. Economy of South Africa
GDP : 240,7 Billion Dollars.
Income per Capita : 3630 $
GDP growth : 5 %
Major Clients : Japan, the United Kingdom, the United States, Germany, the Netherlands, Australia, Belgium
Main suppliers : Germany, China, the United States, the United Kingdom, Japan, Saudi Arabia, France
Key sectors in GDP: services : 67%, industry : 30,2%
Unemployment rate : 40 %
HDI : 121th.
V. The richest people in South Africa
(1) Nicholas Oppenheimer : 14.09 Billion of rands
Non-Executive Director: Anglo American Corporation of South Africa Ltd
(2) Johann Rupert : 8.59 Billion of rands
Non-Executive Chair: Remgro Ltd.
Non-Executive Chair: Venfin Ltd.
(3) Patrice Motsepe : 7.94 Billion of rands
Non-Executive Chair: African Rainbow Minerals Ltd.
(4) Lauritz Dippenaar : 5.23 Billion of rands
Non-Executive Chair: Discovery Holdings Ltd.
Non-Executive Chair: RMB Holdings Ltd.
(5) Gerrit Ferreira : 5.00 Billion of rands
Non-Executive Chair: FirstRand Ltd.
Executive Chair: RMB Holdings Ltd.
Executive Director: Venfin Ltd.
(6) Raymond Ackerman : 3.37 Billion of rands
Executive Chair: Pick 'n Pay Holdings Ltd.
(7) Wendy Ackerman : 3.37 Billion of rands
Executive Director: Pick 'n Pay Holdings Ltd.
(8) Gareth Ackerman : 3.37 Billion of rands
Chair: Pick 'n Pay Holdings Ltd.
(9) Christoffel Wiese : 2.39 Billion of rands
Non-Executive Director: Invicta Holdings Ltd.
Chair: Shoprite Holdings Ltd.
Chair: Tradehold Ltd.
(10) William Venter : 2.22 Billion of rands
Chair: Allied Electronics Corporation Ltd.
Non-Executive Director: Allied Technologies Ltd.
Chair: Bytes Technology Group Ltd.
Source : 2008
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