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Living Costs

The unit of currency in South Africa is the South African rand (ZAR or simply R).

Applicants should constantly check the exchange rates and be aware of how much they require in the way of funds. Once in South Africa, all costs are in rand denominations; however, banks and foreign exchange bureaus are found in abundance.

Most ATMs (Automatic Teller Machines) also accept foreign bank cards, debit and credit cards bearing either the "Cirrus" or "Maestro" logos. In other words, it is possible to withdraw cash from your savings or credit card accounts from our ATMs or at banks and forex bureaus.

Did you know? South Africa was the first country in the world to introduce ATMs!

For the latest exchange rate go to the Currency Converter website, www.xe.com.

 

 

Per Semester Cost

Meals

per month

ZAR

4,000

per month

USD 400

$ 2 000

Rent

per  month

ZAR

6,500

per month

USD 650

$ 3 250

Books

 

ZAR

3,500

 

USD 

$ 350

Transportation

per month

ZAR

1,500

per month

USD 150

$ 750

Pocket Money

per month

ZAR

1,500

per month

USD 150

$ 750

Living costs

per month

ZAR

2,500

per month

USD 250

$ 1 250

 

TOTAL

$ 8 350

 

*Please note that these are estimated amounts.