South Africa

The following tables show how much it costs to remit money from South Africa to

- Angola
- Botswana
- Lesotho
- Malawi
- Mozambique
- Swaziland
- Zambia
- Zimbabwe

Note: Corridor averages are unweighted and do not reflect the market shares of the different firms that compose the average. For comparability purposes, the two initial USD reference amounts of $200 and $500 were kept. In the third quarter of 2009, the amounts in local currency were adjusted in order to reflect foreign exchange fluctuations.

How much does it cost to remit?

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Remitting from South Africa to Angola

Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in ZAR | USD

See prices in USD | ZAR

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Money Gram	MTO	17.25	-1.78	6.85	13.70	Less than one hour	Nationwide	Aug 25, 2009
Western Union	MTO	15.80	0.25	8.15	16.30	Less than one hour	Nationwide	Aug 25, 2009
ABSA	Bank	21.38	0.38	11.07	22.14	3-5 days	Nationwide	Aug 25, 2009
First National Bank of South Africa	Bank	25.00	0.38	12.88	25.76	3-5 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	24.38	0.76	12.95	25.90	2 days	Nationwide	Aug 25, 2009
Nedbank	Bank	25.38	0.89	13.58	27.16	2 days	Nationwide	Aug 25, 2009
Bank of Athens	Bank	35.62	0.76	18.58	37.16	2 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	53.44	0.76	27.48	54.96	3-5 days	Nationwide	Aug 25, 2009
Bank Average		30.86	0.66	16.09	32.18
MTO Average		16.53	-0.76	7.50	15.00
Total Average		27.28	0.30	13.94	27.88
Total Average in First Quarter 2009		25.62	1.58	14.39	28.78

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
ABSA	Bank	21.92	0.38	4.77	23.85	3-5 days	Nationwide	Aug 25, 2009
Money Gram	MTO	35.39	-1.78	5.30	26.50	Less than one hour	Nationwide	Aug 25, 2009
First National Bank of South Africa	Bank	25.64	0.38	5.51	27.55	3-5 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	25.00	0.76	5.76	28.80	2 days	Nationwide	Aug 25, 2009
Nedbank	Bank	26.03	0.89	6.10	30.50	2 days	Nationwide	Aug 25, 2009
Western Union	MTO	30.38	0.25	6.33	31.65	Less than one hour	Nationwide	Aug 25, 2009
Bank of Athens	Bank	36.54	0.76	8.07	40.35	2 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	54.81	0.76	11.72	58.60	3-5 days	Nationwide	Aug 25, 2009
Bank Average		31.66	0.66	6.99	34.95
MTO Average		32.89	-0.76	5.81	29.05
Total Average		31.96	0.30	6.69	33.45
Total Average in First Quarter 2009		26.95	1.58	6.97	34.85

Corridor note

The interbank rate shown is ZAR against USD because in this corridor RSPs operate by buying Rand from the customer and sending US dollars. At the point of collection, the money may be converted to the local currency. Remittance recipients may incur an additional cost (not shown here) if and when converting the USD to the local currency.

In South Africa only banks are allowed to send money.

16003900

				Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Money Gram	MTO	138.03	-1.78	6.85	109.60	Less than one hour	Nationwide	Aug 25, 2009
Western Union	MTO	126.40	0.25	8.15	130.40	Less than one hour	Nationwide	Aug 25, 2009
ABSA	Bank	171.00	0.38	11.07	177.12	3-5 days	Nationwide	Aug 25, 2009
First National Bank of South Africa	Bank	200.00	0.38	12.88	206.08	3-5 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	195.00	0.76	12.95	207.20	2 days	Nationwide	Aug 25, 2009
Nedbank	Bank	203.00	0.89	13.58	217.28	2 days	Nationwide	Aug 25, 2009
Bank of Athens	Bank	285.00	0.76	18.58	297.28	2 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	427.50	0.76	27.48	439.68	3-5 days	Nationwide	Aug 25, 2009
Bank Average		246.92	0.66	16.09	257.44
MTO Average		132.22	-0.76	7.50	120.00
Total Average		218.24	0.30	13.94	223.04
Total Average in First Quarter 2009		192.17	1.58	14.39	230.24

	Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
ABSA	Bank	171.00	0.38	4.77	186.03	3-5 days	Nationwide	Aug 25, 2009
Money Gram	MTO	276.05	-1.78	5.30	206.70	Less than one hour	Nationwide	Aug 25, 2009
First National Bank of South Africa	Bank	200.00	0.38	5.51	214.89	3-5 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	195.00	0.76	5.76	224.64	2 days	Nationwide	Aug 25, 2009
Nedbank	Bank	203.00	0.89	6.10	237.90	2 days	Nationwide	Aug 25, 2009
Western Union	MTO	237.00	0.25	6.33	246.87	Less than one hour	Nationwide	Aug 25, 2009
Bank of Athens	Bank	285.00	0.76	8.07	314.73	2 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	427.50	0.76	11.72	457.08	3-5 days	Nationwide	Aug 25, 2009
Bank Average		246.92	0.66	6.99	272.61
MTO Average		256.52	-0.76	5.81	226.59
Total Average		249.32	0.30	6.69	260.91
Total Average in First Quarter 2009		204.83	1.58	6.97	271.83

Corridor note

In South Africa only banks are allowed to send money.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
First National Bank of South Africa	Bank	13.33	1.68	8.35	16.70	3-5 days	Nationwide	Feb 12, 2009
Bank of Athens	Bank	22.67	1.09	12.42	24.84	3-5 days	Nationwide	Feb 12, 2009
ABSA	Bank	22.67	1.98	13.31	26.62	2 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	26.00	1.88	14.88	29.76	3-5 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	29.73	2.97	17.83	35.66	3-5 days	Nationwide	Feb 12, 2009
Nedbank	Bank	39.33	-0.10	19.57	39.14	3-5 days	Nationwide	Feb 12, 2009
Bank Average		25.62	1.58	14.39	28.78
Total Average		25.62	1.58	14.39	28.78
Total Average in 2008		25.50	0.00	12.75	25.50

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
First National Bank of South Africa	Bank	13.16	1.68	4.31	21.55	3-5 days	Nationwide	Feb 12, 2009
Bank of Athens	Bank	22.37	1.09	5.56	27.80	3-5 days	Nationwide	Feb 12, 2009
ABSA	Bank	22.37	1.98	6.45	32.25	2 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	25.66	1.88	7.01	35.05	3-5 days	Nationwide	Feb 12, 2009
Nedbank	Bank	38.82	-0.10	7.66	38.30	3-5 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	39.34	2.97	10.84	54.20	3-5 days	Nationwide	Feb 12, 2009
Bank Average		26.95	1.58	6.97	34.85
Total Average		26.95	1.58	6.97	34.85
Total Average in 2008		25.16	0.00	5.03	25.15

Corridor note

In South Africa only banks are allowed to send money.

15003800

				Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
First National Bank of South Africa	Bank	100.00	1.68	8.35	125.25	3-5 days	Nationwide	Feb 12, 2009
Bank of Athens	Bank	170.00	1.09	12.42	186.30	3-5 days	Nationwide	Feb 12, 2009
ABSA	Bank	170.00	1.98	13.31	199.65	2 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	195.00	1.88	14.88	223.20	3-5 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	223.00	2.97	17.83	267.45	3-5 days	Nationwide	Feb 12, 2009
Nedbank	Bank	295.00	-0.10	19.57	293.55	3-5 days	Nationwide	Feb 12, 2009
Bank Average		192.17	1.58	14.39	215.85
Total Average		192.17	1.58	14.39	215.85
Total Average in 2008		191.25	0.00	12.75	191.25

	Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
First National Bank of South Africa	Bank	100.00	1.68	4.31	163.78	3-5 days	Nationwide	Feb 12, 2009
Bank of Athens	Bank	170.00	1.09	5.56	211.28	3-5 days	Nationwide	Feb 12, 2009
ABSA	Bank	170.00	1.98	6.45	245.10	2 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	195.00	1.88	7.01	266.38	3-5 days	Nationwide	Feb 12, 2009
Nedbank	Bank	295.00	-0.10	7.66	291.08	3-5 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	299.00	2.97	10.84	411.92	3-5 days	Nationwide	Feb 12, 2009
Bank Average		204.83	1.58	6.97	264.86
Total Average		204.83	1.58	6.97	264.86
Total Average in 2008		191.25	0.00	5.03	191.14

Corridor note

In South Africa only banks are allowed to send money.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
First National Bank of South Africa	Bank	12.00	0.00	6.00	12.00	2-3 days	-	Jun 02, 2008
ABSA	Bank	20.00	0.00	10.00	20.00	2 days	-	Jun 02, 2008
Bank of Athens	Bank	20.00	0.00	10.00	20.00	2-3 days	-	Jun 02, 2008
Nedbank	Bank	25.00	0.00	12.50	25.00	5 days	-	Jun 02, 2008
Standard Bank	Bank	26.00	0.00	13.00	26.00	2-3 days	-	Jun 02, 2008
Bidvest Bank	Bank	50.00	0.00	25.00	50.00	Up to 5 days	-	Jun 02, 2008
Bank Average		25.50	0.00	12.75	25.50
Total Average		25.50	0.00	12.75	25.50
First Quarter 2009		25.62	1.58	14.39	28.78

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
First National Bank of South Africa	Bank	11.84	0.00	2.37	11.85	2-3 days	-	Jun 02, 2008
ABSA	Bank	19.74	0.00	3.95	19.75	2 days	-	Jun 02, 2008
Bank of Athens	Bank	19.74	0.00	3.95	19.75	2-3 days	-	Jun 02, 2008
Nedbank	Bank	24.67	0.00	4.93	24.65	5 days	-	Jun 02, 2008
Standard Bank	Bank	25.66	0.00	5.13	25.65	2-3 days	-	Jun 02, 2008
Bidvest Bank	Bank	49.34	0.00	9.87	49.35	Up to 5 days	-	Jun 02, 2008
Bank Average		25.16	0.00	5.03	25.15
Total Average		25.16	0.00	5.03	25.15
First Quarter 2009		26.95	1.58	6.97	34.85

Corridor note

RSPs are not able to quote the amount to be received in local currency. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not known by the sender at the time of sending.

In South Africa only banks are allowed to send money.

15003800

				Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
First National Bank of South Africa	Bank	90.00	0.00	6.00	90.00	2-3 days	-	Jun 02, 2008
ABSA	Bank	150.00	0.00	10.00	150.00	2 days	-	Jun 02, 2008
Bank of Athens	Bank	150.00	0.00	10.00	150.00	2-3 days	-	Jun 02, 2008
Nedbank	Bank	187.50	0.00	12.50	187.50	5 days	-	Jun 02, 2008
Standard Bank	Bank	195.00	0.00	13.00	195.00	2-3 days	-	Jun 02, 2008
Bidvest Bank	Bank	375.00	0.00	25.00	375.00	Up to 5 days	-	Jun 02, 2008
Bank Average		191.25	0.00	12.75	191.25
Total Average		191.25	0.00	12.75	191.25
First Quarter 2009		192.17	1.58	14.39	215.85

	Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
First National Bank of South Africa	Bank	90.00	0.00	2.37	90.06	2-3 days	-	Jun 02, 2008
ABSA	Bank	150.00	0.00	3.95	150.10	2 days	-	Jun 02, 2008
Bank of Athens	Bank	150.00	0.00	3.95	150.10	2-3 days	-	Jun 02, 2008
Nedbank	Bank	187.50	0.00	4.93	187.34	5 days	-	Jun 02, 2008
Standard Bank	Bank	195.00	0.00	5.13	194.94	2-3 days	-	Jun 02, 2008
Bidvest Bank	Bank	375.00	0.00	9.87	375.06	Up to 5 days	-	Jun 02, 2008
Bank Average		191.25	0.00	5.03	191.14
Total Average		191.25	0.00	5.03	191.14
First Quarter 2009		204.83	1.58	6.97	264.86

Corridor note

In South Africa only banks are allowed to send money.

Remitting from South Africa to Botswana

Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in ZAR | USD

See prices in USD | ZAR

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Postbank	Bank	12.80	0.00	6.40	12.80	2 days	Nationwide	Aug 25, 2009
Money Gram	MTO	17.25	-1.78	6.85	13.70	Less than one hour	Nationwide	Aug 25, 2009
Western Union	MTO	15.80	0.25	8.15	16.30	Less than one hour	Nationwide	Aug 25, 2009
Nedbank	Bank	25.38	2.67	15.36	30.72	2 days	Nationwide	Aug 25, 2009
ABSA	Bank	21.38	5.62	16.31	32.62	3-5 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	24.38	4.49	16.68	33.36	2 days	Nationwide	Aug 25, 2009
Bank of Athens	Bank	35.62	-0.38	17.43	34.86	2 days	Nationwide	Aug 25, 2009
First National Bank of South Africa	Bank	25.00	5.62	18.12	36.24	3-5 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	53.44	5.62	32.34	64.68	3-5 days	Nationwide	Aug 25, 2009
Bank Average		28.28	3.38	17.52	35.04
MTO Average		16.53	-0.76	7.50	15.00
Total Average		25.67	2.46	15.29	30.58
Total Average in First Quarter 2009		26.30	5.84	18.99	37.98

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Postbank	Bank	21.97	0.00	4.39	21.95	2 days	Nationwide	Aug 25, 2009
Money Gram	MTO	35.39	-1.78	5.30	26.50	Less than one hour	Nationwide	Aug 25, 2009
Western Union	MTO	30.38	0.25	6.33	31.65	Less than one hour	Nationwide	Aug 25, 2009
Bank of Athens	Bank	36.54	-0.38	6.93	34.65	2 days	Nationwide	Aug 25, 2009
Nedbank	Bank	26.03	2.67	7.88	39.40	2 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	25.00	4.49	9.49	47.45	2 days	Nationwide	Aug 25, 2009
ABSA	Bank	21.92	5.62	10.00	50.00	3-5 days	Nationwide	Aug 25, 2009
First National Bank of South Africa	Bank	25.64	5.62	10.75	53.75	3-5 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	54.81	5.62	16.58	82.90	3-5 days	Nationwide	Aug 25, 2009
Bank Average		30.27	3.38	9.43	47.15
MTO Average		32.89	-0.76	5.81	29.05
Total Average		30.85	2.46	8.63	43.15
Total Average in First Quarter 2009		27.01	5.06	10.47	52.35

Corridor note

In South Africa only banks are allowed to send money.

16003900

				Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Postbank	Bank	102.40	0.00	6.40	102.40	2 days	Nationwide	Aug 25, 2009
Money Gram	MTO	138.03	-1.78	6.85	109.60	Less than one hour	Nationwide	Aug 25, 2009
Western Union	MTO	126.40	0.25	8.15	130.40	Less than one hour	Nationwide	Aug 25, 2009
Nedbank	Bank	203.00	2.67	15.36	245.76	2 days	Nationwide	Aug 25, 2009
ABSA	Bank	171.00	5.62	16.31	260.96	3-5 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	195.00	4.49	16.68	266.88	2 days	Nationwide	Aug 25, 2009
Bank of Athens	Bank	285.00	-0.38	17.43	278.88	2 days	Nationwide	Aug 25, 2009
First National Bank of South Africa	Bank	200.00	5.62	18.12	289.92	3-5 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	427.50	5.62	32.34	517.44	3-5 days	Nationwide	Aug 25, 2009
Bank Average		226.27	3.38	17.52	280.32
MTO Average		132.22	-0.76	7.50	120.00
Total Average		205.37	2.46	15.29	244.64
Total Average in First Quarter 2009		197.29	5.84	18.99	303.84

	Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Postbank	Bank	171.40	0.00	4.39	171.21	2 days	Nationwide	Aug 25, 2009
Money Gram	MTO	276.05	-1.78	5.30	206.70	Less than one hour	Nationwide	Aug 25, 2009
Western Union	MTO	237.00	0.25	6.33	246.87	Less than one hour	Nationwide	Aug 25, 2009
Bank of Athens	Bank	285.00	-0.38	6.93	270.27	2 days	Nationwide	Aug 25, 2009
Nedbank	Bank	203.00	2.67	7.88	307.32	2 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	195.00	4.49	9.49	370.11	2 days	Nationwide	Aug 25, 2009
ABSA	Bank	171.00	5.62	10.00	390.00	3-5 days	Nationwide	Aug 25, 2009
First National Bank of South Africa	Bank	200.00	5.62	10.75	419.25	3-5 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	427.50	5.62	16.58	646.62	3-5 days	Nationwide	Aug 25, 2009
Bank Average		236.13	3.38	9.43	367.77
MTO Average		256.52	-0.76	5.81	226.59
Total Average		240.66	2.46	8.63	336.57
Total Average in First Quarter 2009		205.29	5.06	10.47	408.33

Corridor note

In South Africa only banks are allowed to send money.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
First National Bank of South Africa	Bank	13.33	6.33	13.00	26.00	3-5 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	26.00	2.53	15.53	31.06	3-5 days	Nationwide	Feb 12, 2009
ABSA	Bank	22.67	5.06	16.40	32.80	2 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	29.73	3.80	18.66	37.32	3-5 days	Nationwide	Feb 12, 2009
Bank of Athens	Bank	22.67	7.59	18.93	37.86	3-5 days	Nationwide	Feb 12, 2009
Bank of Baroda	Bank	30.40	5.45	20.65	41.30	2 days	Nationwide	Feb 12, 2009
Nedbank	Bank	39.33	10.13	29.79	59.58	3-5 days	Nationwide	Feb 12, 2009
Bank Average		26.30	5.84	18.99	37.98
Total Average		26.30	5.84	18.99	37.98
Total Average in 2008		25.67	7.67	20.50	41.00

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Bank of Baroda	Bank	30.00	0.00	6.00	30.00	2 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	25.66	2.53	7.66	38.30	3-5 days	Nationwide	Feb 12, 2009
First National Bank of South Africa	Bank	13.16	6.33	8.96	44.80	3-5 days	Nationwide	Feb 12, 2009
ABSA	Bank	22.37	5.06	9.54	47.70	2 days	Nationwide	Feb 12, 2009
Bank of Athens	Bank	19.74	7.59	11.54	57.70	3-5 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	39.34	3.80	11.67	58.35	3-5 days	Nationwide	Feb 12, 2009
Nedbank	Bank	38.82	10.13	17.89	89.45	3-5 days	Nationwide	Feb 12, 2009
Bank Average		27.01	5.06	10.47	52.35
Total Average		27.01	5.06	10.47	52.35
Total Average in 2008		25.33	7.67	12.73	63.65

Corridor note

In South Africa only banks are allowed to send money.

15003800

				Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
First National Bank of South Africa	Bank	100.00	6.33	13.00	195.00	3-5 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	195.00	2.53	15.53	232.95	3-5 days	Nationwide	Feb 12, 2009
ABSA	Bank	170.00	5.06	16.40	246.00	2 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	223.00	3.80	18.66	279.90	3-5 days	Nationwide	Feb 12, 2009
Bank of Athens	Bank	170.00	7.59	18.93	283.95	3-5 days	Nationwide	Feb 12, 2009
Bank of Baroda	Bank	228.00	5.45	20.65	309.75	2 days	Nationwide	Feb 12, 2009
Nedbank	Bank	295.00	10.13	29.79	446.85	3-5 days	Nationwide	Feb 12, 2009
Bank Average		197.29	5.84	18.99	284.85
Total Average		197.29	5.84	18.99	284.85
Total Average in 2008		192.50	7.67	20.50	307.50

	Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Bank of Baroda	Bank	228.00	0.00	6.00	228.00	2 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	195.00	2.53	7.66	291.08	3-5 days	Nationwide	Feb 12, 2009
First National Bank of South Africa	Bank	100.00	6.33	8.96	340.48	3-5 days	Nationwide	Feb 12, 2009
ABSA	Bank	170.00	5.06	9.54	362.52	2 days	Nationwide	Feb 12, 2009
Bank of Athens	Bank	150.00	7.59	11.54	438.52	3-5 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	299.00	3.80	11.67	443.46	3-5 days	Nationwide	Feb 12, 2009
Nedbank	Bank	295.00	10.13	17.89	679.82	3-5 days	Nationwide	Feb 12, 2009
Bank Average		205.29	5.06	10.47	397.86
Total Average		205.29	5.06	10.47	397.86
Total Average in 2008		192.50	7.67	12.73	483.74

Corridor note

In South Africa only banks are allowed to send money.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
First National Bank of South Africa	Bank	12.00	7.20	13.20	26.40	2-3 days	-	Jun 02, 2008
ABSA	Bank	20.00	6.33	16.33	32.66	2 days	-	Jun 02, 2008
Standard Bank	Bank	26.00	4.24	17.24	34.48	2-3 days	-	Jun 02, 2008
Bank of Athens	Bank	20.00	7.50	17.50	35.00	2-3 days	-	Jun 02, 2008
Nedbank	Bank	25.00	11.84	24.34	48.68	5 days	-	Jun 02, 2008
Bank of Baroda	Bank	26.67	12.55	25.88	51.76	Up to 2 days	-	Jun 02, 2008
Bidvest Bank	Bank	50.00	3.99	28.99	57.98	Up to 5 days	-	Jun 02, 2008
Bank Average		25.67	7.67	20.50	41.00
Total Average		25.67	7.67	20.50	41.00
First Quarter 2009		26.30	5.84	18.99	37.98

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Standard Bank	Bank	25.66	4.24	9.37	46.85	2-3 days	-	Jun 02, 2008
First National Bank of South Africa	Bank	11.84	7.20	9.57	47.85	2-3 days	-	Jun 02, 2008
ABSA	Bank	19.74	6.33	10.28	51.40	2 days	-	Jun 02, 2008
Bank of Athens	Bank	19.74	7.50	11.45	57.25	2-3 days	-	Jun 02, 2008
Bidvest Bank	Bank	49.34	3.99	13.86	69.30	Up to 5 days	-	Jun 02, 2008
Nedbank	Bank	24.67	11.84	16.78	83.90	5 days	-	Jun 02, 2008
Bank of Baroda	Bank	26.32	12.55	17.81	89.05	Up to 2 days	-	Jun 02, 2008
Bank Average		25.33	7.67	12.73	63.65
Total Average		25.33	7.67	12.73	63.65
First Quarter 2009		27.01	5.06	10.47	52.35

Corridor note

Due to the rounding up of decimal places for website compatibility, differences between the exchange rate charged and the interbank exchange rate may not be apparent in the table. The relevant RSPs do offer slightly different exchange rates, which are reflected in the exchange rate margin.

In South Africa only banks are allowed to send money.

15003800

				Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
First National Bank of South Africa	Bank	90.00	7.20	13.20	198.00	2-3 days	-	Jun 02, 2008
ABSA	Bank	150.00	6.33	16.33	244.95	2 days	-	Jun 02, 2008
Standard Bank	Bank	195.00	4.24	17.24	258.60	2-3 days	-	Jun 02, 2008
Bank of Athens	Bank	150.00	7.50	17.50	262.50	2-3 days	-	Jun 02, 2008
Nedbank	Bank	187.50	11.84	24.34	365.10	5 days	-	Jun 02, 2008
Bank of Baroda	Bank	200.00	12.55	25.88	388.20	Up to 2 days	-	Jun 02, 2008
Bidvest Bank	Bank	375.00	3.99	28.99	434.85	Up to 5 days	-	Jun 02, 2008
Bank Average		192.50	7.67	20.50	307.50
Total Average		192.50	7.67	20.50	307.50
First Quarter 2009		197.29	5.84	18.99	284.85

	Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Standard Bank	Bank	195.00	4.24	9.37	356.06	2-3 days	-	Jun 02, 2008
First National Bank of South Africa	Bank	90.00	7.20	9.57	363.66	2-3 days	-	Jun 02, 2008
ABSA	Bank	150.00	6.33	10.28	390.64	2 days	-	Jun 02, 2008
Bank of Athens	Bank	150.00	7.50	11.45	435.10	2-3 days	-	Jun 02, 2008
Bidvest Bank	Bank	375.00	3.99	13.86	526.68	Up to 5 days	-	Jun 02, 2008
Nedbank	Bank	187.50	11.84	16.78	637.64	5 days	-	Jun 02, 2008
Bank of Baroda	Bank	200.00	12.55	17.81	676.78	Up to 2 days	-	Jun 02, 2008
Bank Average		192.50	7.67	12.73	483.74
Total Average		192.50	7.67	12.73	483.74
First Quarter 2009		205.29	5.06	10.47	397.86

Corridor note

In South Africa only banks are allowed to send money.

Remitting from South Africa to Lesotho

Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in ZAR | USD

See prices in USD | ZAR

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Postbank	Bank	11.19	0.00	5.59	11.18	2 days	Nationwide	Aug 25, 2009
Money Gram	MTO	17.25	-1.78	6.85	13.70	Less than one hour	Major cities	Aug 25, 2009
Western Union	MTO	15.80	0.25	8.15	16.30	Less than one hour	Nationwide	Aug 25, 2009
ABSA	Bank	21.38	0.38	11.07	22.14	3-5 days	Nationwide	Aug 25, 2009
First National Bank of South Africa	Bank	25.00	0.38	12.88	25.76	3-5 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	24.38	0.76	12.95	25.90	2 days	Nationwide	Aug 25, 2009
Nedbank	Bank	25.38	0.89	13.58	27.16	2 days	Nationwide	Aug 25, 2009
Bank of Athens	Bank	35.62	0.76	18.58	37.16	2 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	53.44	0.76	27.48	54.96	3-5 days	Nationwide	Aug 25, 2009
Bank Average		28.05	0.56	14.59	29.18
MTO Average		16.53	-0.76	7.50	15.00
Total Average		25.49	0.27	13.01	26.02
Total Average in First Quarter 2009		24.46	0.00	12.23	24.46

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Postbank	Bank	20.32	0.00	4.06	20.30	2 days	Nationwide	Aug 25, 2009
ABSA	Bank	21.92	0.38	4.77	23.85	3-5 days	Nationwide	Aug 25, 2009
Money Gram	MTO	35.39	-1.78	5.30	26.50	Less than one hour	Major cities	Aug 25, 2009
First National Bank of South Africa	Bank	25.64	0.38	5.51	27.55	3-5 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	25.00	0.76	5.76	28.80	2 days	Nationwide	Aug 25, 2009
Nedbank	Bank	26.03	0.89	6.10	30.50	2 days	Nationwide	Aug 25, 2009
Western Union	MTO	30.38	0.25	6.33	31.65	Less than one hour	Nationwide	Aug 25, 2009
Bank of Athens	Bank	36.54	0.76	8.07	40.35	2 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	54.81	0.76	11.72	58.60	3-5 days	Nationwide	Aug 25, 2009
Bank Average		30.04	0.56	6.57	32.85
MTO Average		32.89	-0.76	5.81	29.05
Total Average		30.67	0.27	6.40	32.00
Total Average in First Quarter 2009		27.39	0.00	5.48	27.40

Corridor note

In this corridor all RSPs send and payout in ZAR. The LSL is officially pegged to the ZAR.

In South Africa only banks are allowed to send money.

16003900

				Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Postbank	Bank	89.50	0.00	5.59	89.44	2 days	Nationwide	Aug 25, 2009
Money Gram	MTO	138.03	-1.78	6.85	109.60	Less than one hour	Major cities	Aug 25, 2009
Western Union	MTO	126.40	0.25	8.15	130.40	Less than one hour	Nationwide	Aug 25, 2009
ABSA	Bank	171.00	0.38	11.07	177.12	3-5 days	Nationwide	Aug 25, 2009
First National Bank of South Africa	Bank	200.00	0.38	12.88	206.08	3-5 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	195.00	0.76	12.95	207.20	2 days	Nationwide	Aug 25, 2009
Nedbank	Bank	203.00	0.89	13.58	217.28	2 days	Nationwide	Aug 25, 2009
Bank of Athens	Bank	285.00	0.76	18.58	297.28	2 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	427.50	0.76	27.48	439.68	3-5 days	Nationwide	Aug 25, 2009
Bank Average		224.43	0.56	14.59	233.44
MTO Average		132.22	-0.76	7.50	120.00
Total Average		203.94	0.27	13.01	208.16
Total Average in First Quarter 2009		183.44	0.00	12.23	195.68

	Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Postbank	Bank	158.50	0.00	4.06	158.34	2 days	Nationwide	Aug 25, 2009
ABSA	Bank	171.00	0.38	4.77	186.03	3-5 days	Nationwide	Aug 25, 2009
Money Gram	MTO	276.05	-1.78	5.30	206.70	Less than one hour	Major cities	Aug 25, 2009
First National Bank of South Africa	Bank	200.00	0.38	5.51	214.89	3-5 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	195.00	0.76	5.76	224.64	2 days	Nationwide	Aug 25, 2009
Nedbank	Bank	203.00	0.89	6.10	237.90	2 days	Nationwide	Aug 25, 2009
Western Union	MTO	237.00	0.25	6.33	246.87	Less than one hour	Nationwide	Aug 25, 2009
Bank of Athens	Bank	285.00	0.76	8.07	314.73	2 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	427.50	0.76	11.72	457.08	3-5 days	Nationwide	Aug 25, 2009
Bank Average		234.29	0.56	6.57	256.23
MTO Average		256.52	-0.76	5.81	226.59
Total Average		239.23	0.27	6.40	249.60
Total Average in First Quarter 2009		208.14	0.00	5.48	213.72

Corridor note

In this corridor all RSPs send and payout in ZAR. The LSL is officially pegged to the ZAR.

In South Africa only banks are allowed to send money.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Postbank	Bank	11.53	0.00	5.77	11.54	Next day	Nationwide	Feb 12, 2009
First National Bank of South Africa	Bank	13.33	0.00	6.67	13.34	3-5 days	Nationwide	Feb 12, 2009
ABSA	Bank	22.67	0.00	11.33	22.66	2 days	Nationwide	Feb 12, 2009
Bank of Athens	Bank	22.67	0.00	11.33	22.66	3-5 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	26.00	0.00	13.00	26.00	3-5 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	29.73	0.00	14.87	29.74	3-5 days	Nationwide	Feb 12, 2009
Bank of Baroda	Bank	30.40	0.00	15.20	30.40	2 days	Nationwide	Feb 12, 2009
Nedbank	Bank	39.33	0.00	19.67	39.34	3-5 days	Nationwide	Feb 12, 2009
Bank Average		24.46	0.00	12.23	24.46
Total Average		24.46	0.00	12.23	24.46
Total Average in 2008		23.85	0.00	11.93	23.86

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Postbank	Bank	N/A	N/A	N/A	N/A	Next day	Nationwide	Feb 12, 2009
First National Bank of South Africa	Bank	13.16	0.00	2.63	13.15	3-5 days	Nationwide	Feb 12, 2009
ABSA	Bank	22.37	0.00	4.47	22.35	2 days	Nationwide	Feb 12, 2009
Bank of Athens	Bank	22.37	0.00	4.47	22.35	3-5 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	25.66	0.00	5.13	25.65	3-5 days	Nationwide	Feb 12, 2009
Bank of Baroda	Bank	30.00	0.00	6.00	30.00	2 days	Nationwide	Feb 12, 2009
Nedbank	Bank	38.82	0.00	7.76	38.80	3-5 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	39.34	0.00	7.87	39.35	3-5 days	Nationwide	Feb 12, 2009
Bank Average		27.39	0.00	5.48	27.40
Total Average		27.39	0.00	5.48	27.40
Total Average in 2008		25.33	0.00	5.07	25.35

Corridor note

In this corridor all RSPs send and payout in ZAR. The LSL is officially pegged to the ZAR.

In South Africa only banks are allowed to send money.

15003800

				Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Postbank	Bank	86.50	0.00	5.77	86.55	Next day	Nationwide	Feb 12, 2009
First National Bank of South Africa	Bank	100.00	0.00	6.67	100.05	3-5 days	Nationwide	Feb 12, 2009
ABSA	Bank	170.00	0.00	11.33	169.95	2 days	Nationwide	Feb 12, 2009
Bank of Athens	Bank	170.00	0.00	11.33	169.95	3-5 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	195.00	0.00	13.00	195.00	3-5 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	223.00	0.00	14.87	223.05	3-5 days	Nationwide	Feb 12, 2009
Bank of Baroda	Bank	228.00	0.00	15.20	228.00	2 days	Nationwide	Feb 12, 2009
Nedbank	Bank	295.00	0.00	19.67	295.05	3-5 days	Nationwide	Feb 12, 2009
Bank Average		183.44	0.00	12.23	183.45
Total Average		183.44	0.00	12.23	183.45
Total Average in 2008		178.91	0.00	11.93	178.95

	Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Postbank	Bank	N/A	N/A	N/A	N/A	Next day	Nationwide	Feb 12, 2009
First National Bank of South Africa	Bank	100.00	0.00	2.63	99.94	3-5 days	Nationwide	Feb 12, 2009
ABSA	Bank	170.00	0.00	4.47	169.86	2 days	Nationwide	Feb 12, 2009
Bank of Athens	Bank	170.00	0.00	4.47	169.86	3-5 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	195.00	0.00	5.13	194.94	3-5 days	Nationwide	Feb 12, 2009
Bank of Baroda	Bank	228.00	0.00	6.00	228.00	2 days	Nationwide	Feb 12, 2009
Nedbank	Bank	295.00	0.00	7.76	294.88	3-5 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	299.00	0.00	7.87	299.06	3-5 days	Nationwide	Feb 12, 2009
Bank Average		208.14	0.00	5.48	208.24
Total Average		208.14	0.00	5.48	208.24
Total Average in 2008		192.50	0.00	5.07	192.66

Corridor note

In this corridor all RSPs send and payout in ZAR. The LSL is officially pegged to the ZAR.

In South Africa only banks are allowed to send money.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Postbank	Bank	11.17	0.00	5.58	11.16	Next day	-	May 30, 2008
First National Bank of South Africa	Bank	12.00	0.00	6.00	12.00	2-3 days	-	May 30, 2008
ABSA	Bank	20.00	0.00	10.00	20.00	2 days	-	May 30, 2008
Bank of Athens	Bank	20.00	0.00	10.00	20.00	2-3 days	-	May 30, 2008
Nedbank	Bank	25.00	0.00	12.50	25.00	5 days	-	May 30, 2008
Standard Bank	Bank	26.00	0.00	13.00	26.00	2-3 days	-	May 30, 2008
Bank of Baroda	Bank	26.67	0.00	13.33	26.66	Up to 2 days	-	May 30, 2008
Bidvest Bank	Bank	50.00	0.00	25.00	50.00	Up to 5 days	-	May 30, 2008
Bank Average		23.85	0.00	11.93	23.86
Total Average		23.85	0.00	11.93	23.86
First Quarter 2009		24.46	0.00	12.23	24.46

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Postbank	Bank	N/A	N/A	N/A	N/A	Next day	-	May 30, 2008
First National Bank of South Africa	Bank	11.84	0.00	2.37	11.85	2-3 days	-	May 30, 2008
ABSA	Bank	19.74	0.00	3.95	19.75	2 days	-	May 30, 2008
Bank of Athens	Bank	19.74	0.00	3.95	19.75	2-3 days	-	May 30, 2008
Nedbank	Bank	24.67	0.00	4.93	24.65	5 days	-	May 30, 2008
Standard Bank	Bank	25.66	0.00	5.13	25.65	2-3 days	-	May 30, 2008
Bank of Baroda	Bank	26.32	0.00	5.26	26.30	Up to 2 days	-	May 30, 2008
Bidvest Bank	Bank	49.34	0.00	9.87	49.35	Up to 5 days	-	May 30, 2008
Bank Average		25.33	0.00	5.07	25.35
Total Average		25.33	0.00	5.07	25.35
First Quarter 2009		27.39	0.00	5.48	27.40

Corridor note

Money is sent in Rand and paid out in Rand.Remittance recipients may incur an additional cost (not shown here) if and when converting the Rand to the local currency.

Maximum amount that can be sent via Postbank is ZAR2000.

In South Africa only banks are allowed to send money.

15003800

				Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Postbank	Bank	83.75	0.00	5.58	83.70	Next day	-	May 30, 2008
First National Bank of South Africa	Bank	90.00	0.00	6.00	90.00	2-3 days	-	May 30, 2008
ABSA	Bank	150.00	0.00	10.00	150.00	2 days	-	May 30, 2008
Bank of Athens	Bank	150.00	0.00	10.00	150.00	2-3 days	-	May 30, 2008
Nedbank	Bank	187.50	0.00	12.50	187.50	5 days	-	May 30, 2008
Standard Bank	Bank	195.00	0.00	13.00	195.00	2-3 days	-	May 30, 2008
Bank of Baroda	Bank	200.00	0.00	13.33	199.95	Up to 2 days	-	May 30, 2008
Bidvest Bank	Bank	375.00	0.00	25.00	375.00	Up to 5 days	-	May 30, 2008
Bank Average		178.91	0.00	11.93	178.95
Total Average		178.91	0.00	11.93	178.95
First Quarter 2009		183.44	0.00	12.23	183.45

	Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Postbank	Bank	N/A	N/A	N/A	N/A	Next day	-	May 30, 2008
First National Bank of South Africa	Bank	90.00	0.00	2.37	90.06	2-3 days	-	May 30, 2008
ABSA	Bank	150.00	0.00	3.95	150.10	2 days	-	May 30, 2008
Bank of Athens	Bank	150.00	0.00	3.95	150.10	2-3 days	-	May 30, 2008
Nedbank	Bank	187.50	0.00	4.93	187.34	5 days	-	May 30, 2008
Standard Bank	Bank	195.00	0.00	5.13	194.94	2-3 days	-	May 30, 2008
Bank of Baroda	Bank	200.00	0.00	5.26	199.88	Up to 2 days	-	May 30, 2008
Bidvest Bank	Bank	375.00	0.00	9.87	375.06	Up to 5 days	-	May 30, 2008
Bank Average		192.50	0.00	5.07	192.66
Total Average		192.50	0.00	5.07	192.66
First Quarter 2009		208.14	0.00	5.48	208.24

Corridor note

Money is sent in Rand and paid out in Rand.Remittance recipients may incur an additional cost (not shown here) if and when converting the Rand to the local currency.

Maximum amount that can be sent via Postbank is ZAR2000.

In South Africa only banks are allowed to send money.

Remitting from South Africa to Malawi

Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in ZAR | USD

See prices in USD | ZAR

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Money Gram	MTO	17.25	-1.78	6.85	13.70	Less than one hour	Nationwide	Aug 25, 2009
Western Union	MTO	15.80	0.25	8.15	16.30	Less than one hour	Nationwide	Aug 25, 2009
Nedbank	Bank	25.38	0.89	13.58	27.16	2 days	Nationwide	Aug 25, 2009
Bank of Athens	Bank	35.62	0.76	18.58	37.16	2 days	Nationwide	Aug 25, 2009
ABSA	Bank	21.38	10.42	21.11	42.22	3-5 days	Nationwide	Aug 25, 2009
First National Bank of South Africa	Bank	25.00	10.05	22.55	45.10	3-5 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	24.38	13.27	25.46	50.92	2 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	53.44	0.76	27.48	54.96	3-5 days	Nationwide	Aug 25, 2009
Bank Average		30.86	6.03	21.46	42.92
MTO Average		16.53	-0.76	7.50	15.00
Total Average		27.28	4.33	17.97	35.94
Total Average in First Quarter 2009		25.62	7.77	20.58	41.16

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Money Gram	MTO	35.39	-1.78	5.30	26.50	Less than one hour	Nationwide	Aug 25, 2009
Nedbank	Bank	26.03	0.89	6.10	30.50	2 days	Nationwide	Aug 25, 2009
Western Union	MTO	30.38	0.25	6.33	31.65	Less than one hour	Nationwide	Aug 25, 2009
Bank of Athens	Bank	36.54	0.76	8.07	40.35	2 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	54.81	0.76	11.72	58.60	3-5 days	Nationwide	Aug 25, 2009
ABSA	Bank	21.92	10.42	14.81	74.05	3-5 days	Nationwide	Aug 25, 2009
First National Bank of South Africa	Bank	25.64	10.05	15.18	75.90	3-5 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	25.00	13.27	18.27	91.35	2 days	Nationwide	Aug 25, 2009
Bank Average		31.66	6.03	12.36	61.80
MTO Average		32.89	-0.76	5.81	29.05
Total Average		31.96	4.33	10.72	53.60
Total Average in First Quarter 2009		26.95	7.77	13.16	65.80

Corridor note

In South Africa only banks are allowed to send money.

16003900

				Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Money Gram	MTO	138.03	-1.78	6.85	109.60	Less than one hour	Nationwide	Aug 25, 2009
Western Union	MTO	126.40	0.25	8.15	130.40	Less than one hour	Nationwide	Aug 25, 2009
Nedbank	Bank	203.00	0.89	13.58	217.28	2 days	Nationwide	Aug 25, 2009
Bank of Athens	Bank	285.00	0.76	18.58	297.28	2 days	Nationwide	Aug 25, 2009
ABSA	Bank	171.00	10.42	21.11	337.76	3-5 days	Nationwide	Aug 25, 2009
First National Bank of South Africa	Bank	200.00	10.05	22.55	360.80	3-5 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	195.00	13.27	25.46	407.36	2 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	427.50	0.76	27.48	439.68	3-5 days	Nationwide	Aug 25, 2009
Bank Average		246.92	6.03	21.46	343.36
MTO Average		132.22	-0.76	7.50	120.00
Total Average		218.24	4.33	17.97	287.52
Total Average in First Quarter 2009		192.17	7.77	20.58	329.28

	Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Money Gram	MTO	276.05	-1.78	5.30	206.70	Less than one hour	Nationwide	Aug 25, 2009
Nedbank	Bank	203.00	0.89	6.10	237.90	2 days	Nationwide	Aug 25, 2009
Western Union	MTO	237.00	0.25	6.33	246.87	Less than one hour	Nationwide	Aug 25, 2009
Bank of Athens	Bank	285.00	0.76	8.07	314.73	2 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	427.50	0.76	11.72	457.08	3-5 days	Nationwide	Aug 25, 2009
ABSA	Bank	171.00	10.42	14.81	577.59	3-5 days	Nationwide	Aug 25, 2009
First National Bank of South Africa	Bank	200.00	10.05	15.18	592.02	3-5 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	195.00	13.27	18.27	712.53	2 days	Nationwide	Aug 25, 2009
Bank Average		246.92	6.03	12.36	482.04
MTO Average		256.52	-0.76	5.81	226.59
Total Average		249.32	4.33	10.72	418.08
Total Average in First Quarter 2009		204.83	7.77	13.16	513.24

Corridor note

In South Africa only banks are allowed to send money.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Bank of Athens	Bank	22.67	2.29	13.63	27.26	3-5 days	Nationwide	Feb 12, 2009
First National Bank of South Africa	Bank	13.33	7.61	14.28	28.56	2 days	Nationwide	Feb 12, 2009
ABSA	Bank	22.67	7.04	18.37	36.74	2 days	Nationwide	Feb 12, 2009
Nedbank	Bank	39.33	5.10	24.77	49.54	3-5 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	26.00	12.28	25.28	50.56	3-5 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	29.73	12.28	27.15	54.30	3-5 days	Nationwide	Feb 12, 2009
Bank Average		25.62	7.77	20.58	41.16
Total Average		25.62	7.77	20.58	41.16
Total Average in 2008		25.50	8.08	20.83	41.66

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Bank of Athens	Bank	22.37	2.29	6.77	33.85	3-5 days	Nationwide	Feb 12, 2009
First National Bank of South Africa	Bank	13.16	7.61	10.25	51.25	2 days	Nationwide	Feb 12, 2009
ABSA	Bank	22.37	7.04	11.51	57.55	2 days	Nationwide	Feb 12, 2009
Nedbank	Bank	38.82	5.10	12.86	64.30	3-5 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	25.66	12.28	17.42	87.10	3-5 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	39.34	12.28	20.15	100.75	3-5 days	Nationwide	Feb 12, 2009
Bank Average		26.95	7.77	13.16	65.80
Total Average		26.95	7.77	13.16	65.80
Total Average in 2008		25.16	8.08	13.11	65.55

Corridor note

In South Africa only banks are allowed to send money.

15003800

				Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Bank of Athens	Bank	170.00	2.29	13.63	204.45	3-5 days	Nationwide	Feb 12, 2009
First National Bank of South Africa	Bank	100.00	7.61	14.28	214.20	2 days	Nationwide	Feb 12, 2009
ABSA	Bank	170.00	7.04	18.37	275.55	2 days	Nationwide	Feb 12, 2009
Nedbank	Bank	295.00	5.10	24.77	371.55	3-5 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	195.00	12.28	25.28	379.20	3-5 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	223.00	12.28	27.15	407.25	3-5 days	Nationwide	Feb 12, 2009
Bank Average		192.17	7.77	20.58	308.70
Total Average		192.17	7.77	20.58	308.70
Total Average in 2008		191.25	8.08	20.83	312.45

	Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Bank of Athens	Bank	170.00	2.29	6.77	257.26	3-5 days	Nationwide	Feb 12, 2009
First National Bank of South Africa	Bank	100.00	7.61	10.25	389.50	2 days	Nationwide	Feb 12, 2009
ABSA	Bank	170.00	7.04	11.51	437.38	2 days	Nationwide	Feb 12, 2009
Nedbank	Bank	295.00	5.10	12.86	488.68	3-5 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	195.00	12.28	17.42	661.96	3-5 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	299.00	12.28	20.15	765.70	3-5 days	Nationwide	Feb 12, 2009
Bank Average		204.83	7.77	13.16	500.08
Total Average		204.83	7.77	13.16	500.08
Total Average in 2008		191.25	8.08	13.11	498.18

Corridor note

In South Africa only banks are allowed to send money.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Bank of Athens	Bank	20.00	2.85	12.85	25.70	2-3 days	-	Jun 04, 2008
First National Bank of South Africa	Bank	12.00	10.60	16.60	33.20	2-3 days	-	Jun 04, 2008
Nedbank	Bank	25.00	6.19	18.69	37.38	5 days	-	Jun 04, 2008
ABSA	Bank	20.00	11.20	21.20	42.40	2 days	-	Jun 04, 2008
Standard Bank	Bank	26.00	12.35	25.35	50.70	2-3 days	-	Jun 04, 2008
Bidvest Bank	Bank	50.00	5.27	30.27	60.54	Up to 5 days	-	Jun 04, 2008
Bank Average		25.50	8.08	20.83	41.66
Total Average		25.50	8.08	20.83	41.66
First Quarter 2009		25.62	7.77	20.58	41.16

	Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Bank of Athens	Bank	19.74	2.85	6.80	34.00	2-3 days	-	Jun 04, 2008
Nedbank	Bank	24.67	6.19	11.13	55.65	5 days	-	Jun 04, 2008
First National Bank of South Africa	Bank	11.84	10.60	12.97	64.85	2-3 days	-	Jun 04, 2008
Bidvest Bank	Bank	49.34	5.27	15.14	75.70	Up to 5 days	-	Jun 04, 2008
ABSA	Bank	19.74	11.20	15.15	75.75	2 days	-	Jun 04, 2008
Standard Bank	Bank	25.66	12.35	17.48	87.40	2-3 days	-	Jun 04, 2008
Bank Average		25.16	8.08	13.11	65.55
Total Average		25.16	8.08	13.11	65.55
First Quarter 2009		26.95	7.77	13.16	65.80

Corridor note

In South Africa only banks are allowed to send money.

15003800

				Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Bank of Athens	Bank	150.00	2.85	12.85	192.75	2-3 days	-	Jun 04, 2008
First National Bank of South Africa	Bank	90.00	10.60	16.60	249.00	2-3 days	-	Jun 04, 2008
Nedbank	Bank	187.50	6.19	18.69	280.35	5 days	-	Jun 04, 2008
ABSA	Bank	150.00	11.20	21.20	318.00	2 days	-	Jun 04, 2008
Standard Bank	Bank	195.00	12.35	25.35	380.25	2-3 days	-	Jun 04, 2008
Bidvest Bank	Bank	375.00	5.27	30.27	454.05	Up to 5 days	-	Jun 04, 2008
Bank Average		191.25	8.08	20.83	312.45
Total Average		191.25	8.08	20.83	312.45
First Quarter 2009		192.17	7.77	20.58	308.70

	Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Bank of Athens	Bank	150.00	2.85	6.80	258.40	2-3 days	-	Jun 04, 2008
Nedbank	Bank	187.50	6.19	11.13	422.94	5 days	-	Jun 04, 2008
First National Bank of South Africa	Bank	90.00	10.60	12.97	492.86	2-3 days	-	Jun 04, 2008
Bidvest Bank	Bank	375.00	5.27	15.14	575.32	Up to 5 days	-	Jun 04, 2008
ABSA	Bank	150.00	11.20	15.15	575.70	2 days	-	Jun 04, 2008
Standard Bank	Bank	195.00	12.35	17.48	664.24	2-3 days	-	Jun 04, 2008
Bank Average		191.25	8.08	13.11	498.18
Total Average		191.25	8.08	13.11	498.18
First Quarter 2009		204.83	7.77	13.16	500.08

Corridor note

In South Africa only banks are allowed to send money.

Remitting from South Africa to Mozambique

Collection period for Third quarter 2009 | First quarter 2009 | 2008

See prices in ZAR | USD

See prices in USD | ZAR

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
Money Gram	MTO	17.25	-1.78	6.85	13.70	Less than one hour	Nationwide	Aug 25, 2009
Western Union	MTO	15.80	0.25	8.15	16.30	Less than one hour	Nationwide	Aug 25, 2009
ABSA	Bank	21.38	0.38	11.07	22.14	3-5 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	24.38	0.58	12.77	25.54	2 days	Nationwide	Aug 25, 2009
Nedbank	Bank	25.38	0.89	13.58	27.16	2 days	Nationwide	Aug 25, 2009
First National Bank of South Africa	Bank	25.00	9.65	22.15	44.30	2 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	53.44	7.89	34.61	69.22	3-5 days	Nationwide	Aug 25, 2009
Bank Average		29.91	3.88	18.84	37.68
MTO Average		16.53	-0.76	7.50	15.00
Total Average		26.09	2.55	15.60	31.20
Total Average in First Quarter 2009		26.21	6.77	19.88	39.76

Corridor note

In South Africa only banks are allowed to send money.

16003900

				Total cost
Firm name	Firm type	Fee (ZAR)	Exchange rate margin (%)	Percent (%)	ZAR	Transfer speed	Network Coverage	Date
Money Gram	MTO	138.03	-1.78	6.85	109.60	Less than one hour	Nationwide	Aug 25, 2009
Western Union	MTO	126.40	0.25	8.15	130.40	Less than one hour	Nationwide	Aug 25, 2009
ABSA	Bank	171.00	0.38	11.07	177.12	3-5 days	Nationwide	Aug 25, 2009
Standard Bank	Bank	195.00	0.58	12.77	204.32	2 days	Nationwide	Aug 25, 2009
Nedbank	Bank	203.00	0.89	13.58	217.28	2 days	Nationwide	Aug 25, 2009
First National Bank of South Africa	Bank	200.00	9.65	22.15	354.40	2 days	Nationwide	Aug 25, 2009
Bidvest Bank	Bank	427.50	7.89	34.61	553.76	3-5 days	Nationwide	Aug 25, 2009
Bank Average		239.30	3.88	18.84	301.44
MTO Average		132.22	-0.76	7.50	120.00
Total Average		208.70	2.55	15.60	249.60
Total Average in First Quarter 2009		196.60	6.77	19.88	318.08

Corridor note

In South Africa only banks are allowed to send money.

200500

				Total cost
Firm name	Firm type	Fee (USD)	Exchange rate margin (%)	Percent (%)	USD	Transfer speed	Network Coverage	Date
ABSA	Bank	22.67	0.00	11.33	22.66	2 days	Nationwide	Feb 12, 2009
Standard Bank	Bank	26.00	3.15	16.15	32.30	3-5 days	Nationwide	Feb 12, 2009
First National Bank of South Africa	Bank	13.33	15.75	22.41	44.82	3-5 days	Nationwide	Feb 12, 2009
Nedbank	Bank	39.33	3.54	23.21	46.42	3-5 days	Nationwide	Feb 12, 2009
Bidvest Bank	Bank	29.73	11.42	26.28	52.56	3-5 days	Nationwide	Feb 12, 2009
Bank Average		26.21	6.77	19.88	39.76
Total Average		26.21	6.77	19.88	39.76
Total Average in 2008		25.50	2.97	15.72	31.44