I paid for my TelOne bill using South African rands today and I regret that decision.
R3,000 gave me $223.53, initially I din not take notice but now doing my mathematics it appears as if TelOne used a rate of R13.42/$ how fair is this rate.
A snap survey on some bank exchange rates are as follows:
Absa - buy 12.0393 sell 12.4097
NMBZ - buy 12.6170 sell 12.0920
FNB - buy 12.4610 sell 11.9804
Nedbank - buy 12.5851 sell 11.9055
I think TelOne is milking us, where are they getting a rate of as high as R13.42 from?
This is fraud at its worst. Yes the rand has taken a beating but TelOne must improve their service to make money rather than this daylight robbery.