Search results
Results From The WOW.Com Content Network
Value of the South African rand to the United States dollar from 1975 to 2015 by the blue columns: The percentage rate of change year-on-year is shown by the black line. [ 8 ] One rand was worth US$ 1.40 (R0.72 per dollar) from the time of its inception in 1961 until late 1971, and the U.S. dollar became stronger than South African currency for ...
Discounted cash flow. The discounted cash flow (DCF) analysis, in financial analysis, is a method used to value a security, project, company, or asset, that incorporates the time value of money. Discounted cash flow analysis is widely used in investment finance, real estate development, corporate financial management, and patent valuation.
The following slang words used in South African originated in other parts of the Commonwealth of Nations and subsequently came to South Africa. bint – a girl, from Arabic بِنْت. Usually seen as derogatory. buck – the main unit of currency: in South Africa the rand, and from the American use of the word for the dollar.
The Indian rupee was a silver-based currency during much of the 19th century, which had severe consequences on the standard value of the currency, as stronger economies were on the gold standard. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas.
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 ...
Culture of South Africa. South African art is the visual art produced by the people inhabiting the territory occupied by the modern country of South Africa. The oldest art objects in the world were discovered in a South African cave. Archaeologists have discovered two sets of art kits thought to be 100,000 years old at a cave in South Africa.
Purchasing power parity (PPP) [1] is a measure of the price of specific goods in different countries and is used to compare the absolute purchasing power of the countries' currencies. PPP is effectively the ratio of the price of a market basket at one location divided by the price of the basket of goods at a different location.
History of South Africa. The first modern humans are believed to have inhabited South Africa more than 100,000 years ago. [1] In 1999, UNESCO designated the region the Cradle of Humankind World Heritage site. [2] South Africa's first known inhabitants have been referred to as the Khoisan, the Khwe and the San.