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1961–1964. 1⁄2 c, 1 c and 5 c coins issued between 1961 and 1964. 1 R and 2 R coin issued from 1961 to 1983. 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 ...
The consumer price index (CPI) is the official measure of inflation in South Africa. One variant, the consumer price index excluding mortgage costs (CPIX), is officially targeted by the South African Reserve Bank [1] and a primary measure that determines national interest rates.
State President's flag (1) – blue, displaying the national coat of arms below the letters SP. Used from 1961 to 1984. [1] State President's flag (2) – orange, white, and blue triangles, displaying the national coat of arms below the letters SP. Used from 1984 to 1994. [1]
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 industrialized, technologically advanced, and diversified in Africa. [28] Following 1996, at the end of over twelve years of international sanctions, South Africa's ...
South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by 2,798 kilometres (1,739 mi) of coastline that stretches along the South Atlantic and Indian Ocean ; [18] [19] [20] to the north by the neighbouring countries of Namibia , Botswana , and Zimbabwe ; and to the east and ...
Coat of arms of South Africa; Armiger: South Africa: Adopted: 27 April 2000; 24 years ago (): Shield: Arms: Or, representations of two San human figures of red ochre, statant respectant, the hands of the innermost arms clasped, with upper arm, inner wrist, waist and knee bands Argent, and a narrow border of red ochre; the shield ensigned of a spear and knobkierie in saltire, Sable.
Despite declining production, South Africa's gold exports were valued at US$3.8 billion in 2005. As of end-2018, South Africa had a potential 6000 tonnes of reserves. In July 2018, the Mineral Council of South Africa announced that 75% of mines in South Africa were now unprofitable due to the declining gold reserves.
In recent years, the price of cocoa had hovered at around $2,500 per metric ton. But reports of a weaker-than-expected crop set off concerns about supply, sparking the commodity’s run-up in ...