Describes the bank's individual and corporate services and features
financial calculators, press releases, market updates and economic forecasts.
users can also log in here.
ABSA Direct Internet Banking
Access for a direct banking service offered to ABSA clients.
African Merchant Bank
Banking group presents a company overview, the functions and services
the divisions, and financial reports.
Amalgamated Banks South Africa
Retail banker offers a description of its services. Find applications
cards and checking or savings accounts.
Financial services firm with head offices in Sandton offers corporate
reports, register alerts, FAQ and a feedback link.
Find a corporate overview, descriptions of the different types of charge
and the services related to travel and foreign exchange.
Provides details of the personal banking products of Absa, including
savings and checking accounts, and credit cards.
Institute aims to bring justice to those who have been overcharged on
by their banks. Find contacts for help and press clippings.
Banking Council, The
Industry body liaising between government, consumers and interest groups,
and promoting best international practice.
Lists commercial banks and their business hours, as well as currency
exchange rates. Links back to the SA Venues Web site.
Investment and banking organisation presents a corporate profile, its
and services, and its financial reports.
Institution focuses on commercial banking in urban and semi-urban areas.
an outline of its services, including electronic transactions.
Apply for home loans online and negotiate the best terms for a mortgage
Includes calculators and a directory of bidding banks.
Deutsche Bank Securities
Find out about the products and services offered by the investment banking
arm of Deutsche Bank.
Development Bank of South Africa
Find an address by President Mandela on the purpose and history of this
financial development institution. Browse its employment vacancies.
Offers online financial services without merchant account or registered
business requirements. Find out about the credit card facilities.
First National Bank
Oldest bank in this country presents its history, financial reports,
services, and details of its lending and other rates.
First National Bank SA
Visit the international corporate-investment branch of this major financial
Find profiles of services offered and contact details.
Take a look at this offshore banking organisation. Services include
investment management and private banking.
Provides private and investment banking, securities trading and asset
See the tables of market movements, activities and indicators.
Specialist banking group lists its key areas, presents financial highlights,
provides a searchable database of products and services.
Features the firm's divisions and their products and services, and an
index of certain
companies' performance in the stock exchange.
Mercantile Lisbon Bank
Financial conglomerate offers a wide range of services through its operations
niche markets. Find out about electronic banking.
Micro Finance Regulatory Council
Learn more about the Micro Finance Regulatory Council and search for
lender in your area.
Bank specialising in financial services for medical and dental professionals
services and provides a FAQ.
South African company provides life insurance and financial services.
savings and investment options or banking by phone.
Find a corporate profile, an overview of the banks in this group, financial
and economic research reports.
Rand Merchant Bank Division outlines its Single Credit debt consolidation,
investment services and online banking.
Read about the loans and other services designed for home and car buyers.
Find out about the benefits of being a trust member, including 50 days
credit, hire purchase financing and short term insurance.
Rand Merchant Bank
Contains a corporate overview, descriptions of products and services,
reports and international briefs.
SA Home Loans
Find out about discount home loans, including details on costs, benefits,
and payments. Make an online application.
Read a company overview, browse the personal finance and other services
out the financial statements.
Savings & Credit Cooperative
National association of credit unions and cooperatives. Browse its services
South Africa - South African
Details the role and function of the central bank, media releases, economic
financial info, registered banks and job vacancies.
Supplies foreign currency rates to the South African rand. Links back
to the South
Africa Venues Web site.
Standard Bank Group describes its international banking network. Find
reports, trade profiles and individual country branches.
Standard Bank of South
Offers online banking services for commercial and private customers.
Read about its
services and find a list of associated companies.
Standard Bank Unit Trusts
View the bank's performance table, quarterly and annual reports, and
prices. Also find a list of FAQs and contact information.
Standard Corporate and Merchant
Describes its corporate banking and finance services. Also find contact
and an overview of the bank's structure.
Provides group loan schemes for companies and employees. Read about
of the programme.
Holding company is associated with the African Bank and offers
services with an emphasis on development projects.
Read about its personal and corporate finance
services, and learn about the Financial
ShockAbsorber Plan. Also check out its online services.
|Finance and banking
The South African unit of currency is the Rand (R), which is divided
into 100 cents.
Info Provided By:
The coin denominations
are; 1c, 2c, 5c, 10c, 20c, 50c, R1, R2 and R5. The notes are R10,00,
R 20,00, R 50,00, R 100,00 and R 200,00.
South Africa’s banking system is extensive, efficient and easily
accessible. Banks offer a wide range of services, including cash withdrawals,
foreign exchange, electronic transfers (wiring), cashing of traveller’s
cheques and PIN withdrawals. If your card belongs to the worldwide
Cirrus network, you should have no problem using your card.
There are a number
of branches of the major banks, and Automatic Teller Machines (ATM’s).
ATM’s can be found in shopping centres, at some petrol stations,
and in the centre of most cities and towns. Some rural towns do not
have ATM's so please keep cash at hand when travelling to the smaller
towns and villages in the Cape. If you need to go into the bank, withdrawals
can be done over the counter using your passport. Many banks provide
foreign exchange facilities. International electronic transfers are
also available at most banks – enabling you to send or receive
money from overseas. Banks also provide guidance, support and assistance
with any banking questions you may have. South African banks also
provide convenient and secure Internet banking services.
Hours of Business
vary but are generally from 09:00 to 15:30 on weekdays. On Saturdays
banks open at 09:00 and close at 11:00. Banks are closed on Sundays
and Public Holidays. Some smaller branches have limited operating
hours – if you’re going to a small village or rural area,
check with the local banks to be sure of their operating hours. The
majority of the province’s hundreds of ATM’s are 24-hour
facilities, enabling you to do your banking whenever you choose. However,
there are ATM’s that closes after 17h00 on week days and 13h00
on weekends. ATM's may not be available in small villages.
Cape Town International
Airport has 24-hour foreign exchange facilities. Cape Town and bigger
towns have a variety of foreign exchange options to choose from. Rennies
Travel is the agent for Thomas Cook and will also change other cheques.
American Express has foreign exchange branches in Cape Town and other
major towns. Most banks also do foreign exchange transactions. Generally,
banks offer the most competitive rates. Many hotels and backpacker’s
hostels also offer foreign exchange services.
especially Visa and Master Card are widely accepted. Nedbank is the
official agent for Visa and Standard Bank for Master Card. American
Express and Diners Club are also accepted. Not all services have credit
card facilities and credit cards cannot be used to pay for petrol
(fuel). It is recommended that you keep some cash for these outlets
and petrol stations.
South Africa has
adopted a Value Added Tax system of 14% on purchases and services.
If you are a foreign visitor to the Cape, you can reclaim your VAT
on purchases over R 250, 00 that are taken out of the country unused.
There are a number of VAT refund offices. You may find it convenient
to use Airport offices or the VAT Refund kiosk at the V&A Waterfront
or at Cape Town Tourism in Burg Street, Cape Town. Leave yourself
enough time to do this – you’ll need your original tax
invoice and your passport, and will need to fill in a form and have
the goods you bought available for inspection. For more information
Tipping is an
accepted practice in the Cape. Tipping in bars and restaurants is
normally between 10% and 15%. Tipping taxi drivers and petrol attendants
is also a common practice at about 10%. “Car guards” normally
get a few rand for their services. Bargaining is not a South African
habit but it is worth asking about special deals and any discounts
that may apply.
Tourism Cape Town for further Information and more..
Ryneveld St, Stellenbosch , 7600
Tel: (021) 887-3550 - Fax: (021) 887-8591
FIRST NATIONAL BANK
124 Main Rd, Wynberg, Cape Town, 7800
Tel: (021) 797-8437 - Fax: (021) 797-7281
Old Mutual Bldg, Darling St, Cape Town , 8001
Tel: (021) 509-2353 - Fax: (021) 509-4003