Common Monetary Area
South Africa, Lesotho, Namibia and Swaziland as a group are known as the Common Monetary Area. Even though they have their own currency, these countries all accept South African Rands. There is no limit to the amount of South African Rands you can take when travelling within South Africa, Lesotho, Namibia and Swaziland.
You are, however, not allowed to purchase foreign currency when travelling to countries in the Common Monetary Area.
Individuals leaving South Africa for a period of time to work or live abroad are considered to be South African residents temporarily abroad. They are entitled to their normal annual travel allowance on departure. Whilst abroad, they are also entitled to a gift allowance. No further foreign exchange may be provided without approval from the South African Reserve Bank.
South African residents who are taking up permanent residence outside the Common Monetary Area are regarded as emigrants. Absa can assist by ensuring the correct completion of all formalities with the complicated emigration regulations.