An in-depth fact-check and analysis of a persistent online rumor regarding South African currency.
A compelling but entirely fabricated image of a R1,000 banknote featuring Nelson Mandela has been circulating widely on social media platforms like Facebook and Instagram. Accompanying captions falsely claim that this new high-denomination note was launched at the G20 summit in Johannesburg in November 2025 and that the existing R200 note would be phased out. Africa Check has investigated these claims and found no evidence to support them. The South African Reserve Bank (SARB), the sole legal authority for issuing currency, has made no such announcement.
The viral posts often use convincing language, such as: “No more R200 woow incredible 👏🙌 New R1000 note will be launched at the G20 summit.” The accompanying image is a sophisticated mock-up that mimics the design, color palette, and portrait style of genuine South African banknotes, which has led many users to mistakenly believe the claim.
The G20 summit, a major international forum for global economic cooperation, was indeed hosted by South Africa. However, the suggestion that a national currency launch would be a centerpiece of such an event is highly improbable. Currency launches are domestic financial events, not typical agenda items for international diplomatic summits. No credible media outlet covering the G20 reported on such a launch.
A Recurring Pattern of Currency Misinformation
This is not the first time fake currency claims have spread online. Africa Check has previously debunked similar hoaxes about non-existent R500 notes and R10 coins. These fabrications often resurface periodically, repackaged to exploit public interest in financial news and the perceived authority of new physical money.
The most critical red flag is the complete absence of any official communication from the South African Reserve Bank. The SARB maintains a transparent process for any changes to the national currency. Significant events, such as the launch of the upgraded 2023 banknote and coin series, are always announced through formal channels, including detailed press releases, live media briefings, and updates on the official SARB website. None of these channels contain any information about a R1,000 note or the discontinuation of the R200.
A reverse image search of the purported R1,000 note reveals its digital origins. It lacks the complex security features—such as watermarks, security threads, and color-shifting ink—that are hallmarks of genuine banknotes and are crucial for preventing counterfeiting. The image is a digital creation, not a photograph of a real note.
Contrary to the claim that the R200 note is being discontinued, the SARB confirms that it remains the highest denomination in active circulation. The full suite of South African banknotes includes the R10, R20, R50, R100, and R200. The R200 note continues to be printed, distributed by banks, and available via ATMs across the country.
How to Verify Currency Information
To protect yourself from financial misinformation, always rely on primary sources. For changes to South African currency, the only authoritative source is the South African Reserve Bank. You can check their official website or follow their verified social media accounts. Be highly skeptical of financial news that originates solely from unofficial social media posts or messaging apps, especially if it lacks a clear, verifiable source.
In conclusion, the claim of a new R1,000 banknote and the discontinuation of the R200 is entirely false. It is a piece of misinformation that should be ignored and not shared.