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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. In 1825, an imperial order-in-council made sterling coinage legal tender in all the British colonies.
It replaced the South African pound as legal tender, at the rate of 2 rand to 1 pound, or 10 shillings to the rand. The government introduced a mascot, Decimal Dan, "the rand-cent man" (known in Afrikaans as Daan Desimaal). [4] This was accompanied by a radio jingle to inform the public about the new currency. [5]
In 1923, South Africa began to issue its own coins, adopting coins that were identical in size and value to those used in Great Britain: 12 pence (12d) = 1 shilling (1s), and 20s = 1 pound (£1). On 14 February 1961, the Union of South Africa adopted a decimal currency, replacing the pound with the Rand.
[5] [6] In place of the Zimbabwean dollar, currencies including the South African rand, Botswana pula, pound sterling, Indian rupee, euro, Japanese yen, Australian dollar, Chinese yuan, and the United States dollar were used. [7] [8]
In addition, two bullion coins with denominations of 1 rand and 2 rand were issued, replacing the gold half-pound and pound coins introduced in 1952. Both the pound and the rand gold coins matched the specifications of the British half-sovereign and sovereign (minted, among others, at the Pretoria branch mint until 1932), including the gold ...
South African rand: ZAR R South Africa: South Sudanese pound: SSP £ South Sudan: Sudanese pound: SDG LS or ج.س Sudan: Swazi lilangeni: SZL L (singular) E (plural) Eswatini: Tanzanian shilling: TZS TSh Tanzania: Tunisian dinar: TND DT (Latin) د.ت (Tunisian Arabic) Tunisia: Ugandan shilling: UGX USh Uganda: Zambian kwacha: ZMW K Zambia
A new federal report shows that one drink per day could raise the risk of liver damage and several cancers. The report follows a recommendation by the U.S. Surgeon General on safe alcohol ...
They set up an infrastructure of financing and industrial consolidation, which they applied to exploit the discoveries of gold from 1886 in Transvaal at Witwatersrand, the "rand". Once based in Transvaal, many set up residence in the mansions of Parktown. Many of the Randlords received baronetcies in recognition of their contributions.