Yes, it's a conventional gravity system, kloof.
Plenty of them still fitted. Combis are great for one or two people. Plenty of family houses have them, but you really can only have one shower or bath (non-electric shower) on at one time. Even when someone opens a tap somewhere, you do tend to notice the pressure drop if you're showering.
There's a system that gives the advantages of both types. It's called an unvented system. You have a conventional boiler with a small top-up tank in the roof, but the immersion cylinder is a "Megaflow". This stores a load of hot water as yours does, but it's at mains pressure.
No big cistern tank needed in the roof, and all your hot outlets are full force mains pressure. Several showers can be operated at the same time, and the bath fills up very quickly.