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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 ...
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 gold rush saw massive development of Johannesburg and the Witwatersrand, and the area today is the prime metropolitan area of South Africa. One consequence of the gold rush was the construction of the first railway lines in this part of Africa. As a result of the rapid development of the goldfields on the Witwatersrand in the 1880s and the ...
The South African Mint is responsible for minting all coins of the South African rand on behalf of its owner, the South African Reserve Bank. Located in Centurion, Gauteng near South Africa's administrative capital Pretoria, the mint manufactures coins and planchets for both domestic and international markets. [2]
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 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.
Krugersdorp ( Afrikaans for Kruger's Town) is a mining city in the West Rand, Gauteng Province, South Africa founded in 1887 [ 2] by Marthinus Pretorius and Abner Cohen. [ 3] Following the discovery of gold on the Witwatersrand, a need arose for a major town in the west of the reef. The government bought part of the Paardekraal farm and named ...
Randfontein is a gold mining town in the West Rand, Gauteng, South Africa, 40 km (25 mi) west of Johannesburg.With the Witwatersrand gold rush in full swing, mining financier JB Robinson bought the farm Randfontein and, in 1889, floated the Randfontein Estates Gold Mining Company.