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Holly,
I agree about taking small bills, not much need for 20s and up. Also I would have both US dollars and South African Rand. Most places will take US dollars, but some may want Rand. We took a cab and the driver wanted Rand. You can go to any ATM and you will get a good rate on the exchange. Not sure what the going rate is now but it was about 6.3R to 1 US Dollar when were there last December. My wife thought she was getting a great deal when at the ATM she punched in $100 and over $600 came out.
You will love Cape Town, so much to see and do. Table Top Mountain is a must! Go drive to see the Penguins down the coast a bit. See Cape of Good Hope and climb to the top. Take a double decker tour bus to see the city of Cape Town. And of course Victorian Water Front in Cape Town.
Greg
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