Search results
Results From The WOW.Com Content Network
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 ...
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.
The rand takes its name from the Witwatersrand ("white waters' ridge" in English, rand being the Afrikaans and Dutch word for 'ridge'), the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. In English, Afrikaans and Dutch, the singular and plural forms of the unit ("rand") are the same: one rand ...
Historical map of the Chola Empire, where Tamil was the language of administration. The following is a list of sovereign states and territories where Tamil is an official language or language of government. Tamil is the 17th most spoken language in the world. Tamil language speakers make up approximately 1.06% of the world population.
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]
In April 1998, RMH entered into an agreement with Anglo American Corporation of South Africa (now Anglo American plc) to merge their financial services into a unified group. [11] This merger gave rise to First Rand and was listed on the Johannesburg Stock Exchange on May 25, 1998, with Anglo American and RMH owning 20.43% and 25.03% of the ...
Twenty-one banks and financial institutions meet and establish the South African Futures Exchange (Safex) and the Safex Clearing Company (Safcom). April 1987 Rand Merchant Bank Limited (RMB) start 5 trading "futures" contracts on various equity indices and long bonds. RMB is the exchange, clearing house and only market maker.
Tamil South Africans are Indian South Africans of Tamil descent. Tamil people form the majority of Indian immigrants who came from India to Natal, South Africa , from 1860 onwards. [ 1 ] After the expiry of their indentures most of these Indians moved to the cities, becoming established as a thoroughly urban population.