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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.
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An Act to consolidate the Factories Acts, 1937 to 1959, and certain other enactments relating to the safety, health and welfare of employed persons. Citation: 9 & 10 Eliz. 2. c. 34: Introduced by: David Maxwell Fyfe, 1st Earl of Kilmuir, Lord Chancellor, 28 March 1961 [1] Territorial extent England and Wales, Scotland [2] Dates; Royal assent ...
Commonwealth Relations (Temporary Provision) Act, 1961: The Republic of South Africa Constitution Act, 1961, came into force on 31 May 1961, and the Union of South Africa became the Republic of South Africa, but the existing Parliament continued without an election. 42: Defence Further Amendment Act, 1961: 43: Iron and Steel Industry Amendment ...
The Factories Act 1961 (9 & 10 Eliz. 2. c. 34) consolidated the 1937 and 1959 acts. As of 2008, the Factories Act 1961 is substantially still in force, though workplace health and safety is principally governed by the Health and Safety at Work etc. Act 1974 (c. 37) and regulations made under it.
Under the Mint Act of 1919, the British established a branch of the Royal Mint on 1 January 1923, which produced £83,114,575 worth of sovereigns during its lifetime. As South Africa began cutting ties with Britain, the mint closed on 30 June 1941 only to be later reopened as the South African Mint. [3] [4]
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.
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 the South African currency ...