ZAR – South African Rand
The payment processing of this currency is considered to be highly standardised.
It is important to note that this currency is also accepted in Lesotho, Swaziland & Namibia which are CMA Countries (Common Monetary Area).
- Currency Guidelines
A clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing and invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
Payments in ZAR toward South Africa
Besides the standard information, the beneficiary’s physical full address is recommended.
The South African national clearing code (a six digit code) known as the ZA code is mandatory in order to enable the correct routing of the payment in the domestic clearing.
In certain cases, the clearing code could be included within the domestic account number. Please ask to your beneficiary to indicate separately this code and the domestic account number.
It is recommended to provide the beneficiary’s telephone number in the remittance information.
Payments in ZAR outside South Africa
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
- Additional information
• Available charge options: OUR/SHA/BEN
• Central bank of South Africa: https://www.resbank.co.za/Pages/default.aspx