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The South African rand, or simply the rand, ( sign: R; code: ZAR[ a]) is the official currency of South Africa. It is subdivided into 100 cents (sign: "c"), and a comma separates the rand and cents.
The legend is inscribed with "KRUGERRAND" and the gold weight. The Krugerrand ( / ˈkruːɡərænd /; [ 1] Afrikaans: [ˈkry.ərˌrant]) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. [ 2][ 3] The name is a compound of Paul Kruger, the former ...
The rand was introduced in the then Union of South Africa on 14 February 1961, shortly before the establishment of the Republic on 31 May 1961. The rand replaced the pound with a decimal currency: 100 cents (100c) = 1 rand (R1), 1 rand being valued at 10 shillings and 1 cent at 1.2 pence. The coins bore the forward-facing portrait of Jan van ...
The Rand Rebellion ( Afrikaans: Rand-rebellie; also known as the 1922 strike) was an armed uprising of white miners in the Witwatersrand region of South Africa, in March 1922. Jimmy Green, a prominent politician in the Labour Party, was one of the leaders of the strike. Following a drop in the world price of gold from 130 shillings (£6 10s ...
Easiest route. From Gauteng or Pretoria. The Witwatersrand ( UK: / wɪtˈwɔːtərzrænd, - rɑːnd /, US also / ˈwɪtwɔːtərz -/; [ 1] Afrikaans pronunciation: [ˌvətˌvɑːtəɾsˈɾant]; locally the Rand or, less commonly, the Reef) is a 56-kilometre-long (35 mi), north-facing scarp in South Africa. It consists of a hard, erosion ...
Rand Refinery (Pty) Limited is the world's largest integrated single-site precious metals refining and smelting complex. It was established in 1920 to refine gold within South Africa , which had previously been refined in London .
The South African Mint is responsible for minting all coins of the South African rand on behalf of its owner, the South African Reserve Bank. Located in Centurion, Gauteng near South Africa's administrative capital Pretoria, the mint manufactures coins and planchets for both domestic and international markets. [2]
South African pound. This infobox shows the latest status before this currency was rendered obsolete. The pound ( Afrikaans: pond; symbol £, £SA [1] for distinction) was the currency of the Union of South Africa from the formation of the country as a British Dominion in 1910. It was replaced by the rand in 1961 when South Africa decimalised.