Search results
Results From The WOW.Com Content Network
The South African rand, or simply the rand, ( sign: R; code: ZAR[ a]) is the official currency of South Africa. It is subdivided into 100 cents (sign: "c"), and a comma separates the rand and cents.
The legend is inscribed with "KRUGERRAND" and the gold weight. The Krugerrand ( / ˈkruːɡərænd /; [ 1] Afrikaans: [ˈkry.ərˌrant]) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. [ 2][ 3] The name is a compound of Paul Kruger, the former ...
A graph of South Africa's murder rate (annual murders per 100,000 people) spanning the century from 1915 to 2022. The murder rate increased rapidly towards the end of Apartheid, reaching a peak in 1993. It then decreased until bottoming out at 30 per 100,000 in 2011, but steadily increased again to 41 per 100,000 in 2021 after a brief drop in 2020.
Hyperinflation in Zimbabwe is an ongoing period of currency instability in Zimbabwe which, using Cagan 's definition of hyperinflation, began in February 2007. During the height of inflation from 2008 to 2009, it was difficult to measure Zimbabwe's hyperinflation because the government of Zimbabwe stopped filing official inflation statistics.
The economy of South Africa is a mixed economy, emerging market, and upper-middle-income economy, one of only eight such countries in Africa. [ 25][ 26][ 27] The economy is the most industrialised, technologically advanced, and diversified in Africa. [ 28] Following 1996, at the end of over twelve years of international sanctions, South Africa ...
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 ...
Rand Refinery (Pty) Limited is the world's largest integrated single-site precious metals refining and smelting complex. It was established in 1920 to refine gold within South Africa , which had previously been refined in London .
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 CMA facilitates trade and promotes ...