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The financial rand system provided for two exchange rates for the rand — one for current account transactions and one for capital account transactions for non-residents. [4] Investments made in South Africa by non-residents could only be sold for financial rand, and limitations were placed on the convertibility of financial rand into foreign ...
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There was a News Film Unit which, prior to television in 1976, produced films for news agencies and television organisations. In 1998, the SABC began to broadcast two TV channels to the rest of Africa: SABC Africa, a news service, and Africa 2 Africa, entertainment programming from South Africa and other African countries, via DStv. [1]
Logo in 2013. Business Day is a national daily newspaper in South Africa, published weekdays (Monday to Friday) and also available as an e-paper.Based in Parktown, Johannesburg, it is edited by Alexander Parker and published by Arena Holdings, which is also the parent company of the Financial Mail magazine and Business Day TV (formerly known as Summit TV).
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It is subdivided into 100 cents (sign: "c"), and a comma separates the rand and cents. [1] The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho, and Eswatini, with these three countries also having national currencies: (the dollar, the loti and the lilangeni respectively) pegged with the rand at ...
The Common Monetary Area (CMA) links South Africa, Namibia, Lesotho and Eswatini into a monetary union.The Southern African Customs Union (SACU) includes all CMA members in addition to Botswana, which replaced the rand with the pula in 1976 as a means of establishing an independent monetary policy.