conferences - conference venues and conference facilities in south africa

Navigation: Conference Facilitiess South Africa > Information on South Africa > South African Currency - The South Africa Rand (ZAR)

team building Team Building and Events Management in South Africa
Teambuilding and Events Management South Africa (TBAE) specialises in interactive team building, with programs designed to promote team spirit and a participative culture. TBAE is renowned for the design and delivery of unique, innovative, fun and memorable team building programs, customised to meet each client’s individual needs, agenda and budget. Our experienced and highly skilled facilitators work in partnership with our clients to ensure continuity in existing training or development programs ...more about team building and events management in South Africa

South African Currency - The South African Rand (ZAR)

The rand is the currency of South Africa. It takes its name from the Witwatersrand (White-waters-ridge in Afrikaans), the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. It was first introduced in 1961, coinciding with the establishment of the Republic of South Africa.

It replaced the South African pound as legal tender, at the rate of two rand per pound or ten shillings to the rand. The rand has the symbol 'R' and is divided into 100 cents, symbol 'c'.

Coins are available in and seven denominations, 5c, 10c, 20c, 50c, R1, R2 and R5. 1 and 2 cent coins were also available until their discontinuation in April 2002

The first series of rand banknotes bore the image of Jan van Riebeeck, the first V.O.C. administrator of Cape Town. In the 1990s, the notes were redesigned with images of the Big Five wildlife species.

The new notes and coins are also printed in all eleven official languages of South Africa. They are currently available in R10, R20, R50, R100 and R200.

 

Back to South African Information

 


conference-facilities.co.za | Western Cape | Eastern Cape | Northern Cape | Kwazulu-Natal | Free State | Gauteng | Limpopo Province | North West Province | Mpumalanga | Sitemap

south african conference venues