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South Africa : Money & Budget

Prepare your travel to South Africa

I. Currency of South Africa
II. Exchange rate of South Africa
III. Budget and cost of living in South Africa
IV. Economy of South Africa
V. The richest people in 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 €.

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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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