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After 1996, the coins carried the name in one of the country's 11 new official languages. The 10, 20 and 50 cent coins were slightly redesigned by enlarging the numerals of the coin's denomination. From 2000 coins carried South Africa's new coat of arms. From 2002, R1, R2 and R5 coins carried the country's name in two of the official languages.
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 .
The image was designed by Coert Steynberg and was previously used on the reverse of the earlier South African five shillings (1947-51 and 1953-59) and 50 Cents (1961-64) coin. The name "South Africa" and the gold content are inscribed in both Afrikaans and English (as can be seen on the pictures of the coin).
Coins of the South African rand; Bronze plated steel; Nickel-plated bronze; Sterling silver (925Ag), e.g. EWT Medallions / Sterling Silver Crown; 22 ct Gold; 24 ct Gold (999.9Au) [5] Zimbabwean Bond Coins - 2014, 2016, 2017, and 2018. South Sudanese pound coins denominated in 10, 20 and 50 Piasters, 1 Pound and 2 Pounds - 2015 only.
Randlords (Afrikaans: randhere) were the capitalists who controlled the diamond and gold mining industries in South Africa from the 1870s up to World War I.. A small number of European financiers, largely of the same generation, gained control of the diamond mining industry at Kimberley, Northern Cape.
The South African Reserve Bank printed its first run of £1 (equivalent to £68.97 in 2023) notes in 1922. The Union of South Africa issued coins from 1923, in denominations of 1 ⁄ 4 d, 1 ⁄ 2 d, 1d, 3d and 6d, 1/–, 2/– (initially denominated as a florin), 2/6, £ 1 ⁄ 2 and £1.
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The South African Reserve Bank shredded 3.6 million 100-rand banknotes printed by Crane Currency because they had the same serial numbers as a batch printed by the South African Bank Note Company. In addition, the notes printed in Sweden were not the correct colour and were 1mm short.