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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 image was designed by Coert Steynberg and was previously used on the reverse of the earlier South African five shillings (1947-51 and 1953-59) and 50 Cents (1961-64) coin. The name "South Africa" and the gold content are inscribed in both Afrikaans and English (as can be seen on the pictures of the coin).
Main article: Coins of the South African rand. A 5 rand bimetallic coin issued in 2004. Coins were introduced in 1961 in denominations of 1⁄2, 1, 2+1⁄2, 5, 10, 20, and 50 cents. In 1965, 2-cent coins replaced the 2+1⁄2 cent coins. The 1⁄2 cent coin was last struck for circulation in 1973.
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.
Here are some facts about South Africa's racial divide. UNEMPLOYMENT. South Africa has struggled for years with low economic growth and high unemployment. The official unemployment rate was 33.5% ...
e. Foreign relations of South Africa during apartheid refers to the foreign relations of South Africa between 1948 and 1994. South Africa introduced apartheid in 1948, as a systematic extension of pre-existing racial discrimination laws. Initially the regime implemented an offensive foreign policy trying to consolidate South African hegemony ...
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. The term "Tickey" was used as a nickname ...
The Comprehensive Anti-Apartheid Act of 1986[1] was a law enacted by the United States Congress. The law imposed sanctions against South Africa and stated five preconditions for lifting the sanctions that would essentially end the system of apartheid, which the latter was under at the time. Most of the sanctions were repealed in July 1991 ...