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Rand (currency)
The South African rand, or simply the rand, (sign: R; code: ZAR) is the official currency of South Africa. It is subdivided into 100 cents (sign: "c"), and a comma separates the rand and cents. The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho, and Eswatini, with these three countries also having national currencies: (the dollar, the loti and the lilangeni respectively) pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976 when the pula replaced the rand at par. The rand is legal tender in Zimbabwe as part of its multiple currency system, which also includes other currencies such as the euro, the pound sterling, the US dollar, and the Zimbabwean ZiG. Etymology The rand takes its name from the Witwatersrand ("white waters' ridge" in English, being the Afrikaans and Dutch word for 'ridge'), the ridge upon which Johannesburg is built and where most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Common Monetary Area
The Common Monetary Area (CMA) links South Africa, Namibia, Lesotho and Eswatini into a currency union, monetary union. The Southern African Customs Union (SACU) includes all CMA members in addition to Botswana, which replaced the South African rand, rand with the Botswana pula, pula in 1976 as a means of establishing an independent monetary policy. The CMA facilitates trade and promotes economic development between its member states. Although the South African rand is legal tender across the CMA, the other member states issue their own currencies exchanged at par with it: the Lesotho loti, Namibian dollar and Swazi lilangeni. Foreign exchange regulations and monetary policy throughout the CMA continue to reflect the influence of the South African Reserve Bank. History The CMA, enacted in July 1986, originated from the Rand Monetary Area (RMA), which was formally established in December 1974; the signatories of the latter were South Africa, Lesotho, and Swaziland. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eswatini
Eswatini, formally the Kingdom of Eswatini, also known by its former official names Swaziland and the Kingdom of Swaziland, is a landlocked country in Southern Africa. It is bordered by South Africa on all sides except the northeast, where it shares a border with Mozambique. At no more than north to south and east to west, Eswatini is one of the smallest countries in Africa; despite this, its climate and topography are diverse, ranging from a cool and mountainous highveld to a hot and dry lowveld. The population is composed primarily of Swazi people, ethnic Swazis. The prevalent language is Swazi language, Swazi (''siSwati'' in native form). The Swazis established their kingdom in the mid-18th century under the leadership of Ngwane III. The country and the Swazi take their names from Mswati II, the 19th-century king under whose rule the country was expanded and unified; its boundaries were drawn up in 1881 in the midst of the Scramble for Africa. After the Second Boer War, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
News24 (website)
News24 is an English-language South African news website created in October 1998 by the multinational media company, Naspers. Its team of approximately 100 journalists, led by editor-in-chief Adriaan Basson, is based in Cape Town, Johannesburg, Pretoria, Durban and Gqeberha. Its brands include Fin24, Sport24, Channel24, Health24, Arts24, Parent24, Wheels24, W24, Ride24 and Business Insider SA. News24 is owned by Media24, a South African media company, with interests in digital media and services, newspapers, magazines, e-commerce, book publishing, print and distribution. In August 2021, News24 launched a digital subscription service that offers premium investigative journalism, opinion, analysis and more to paying subscribers at R109 per month. It reached 100,000 subscribers in February 2024, becoming the largest subscription-led news website in Africa. History News24 was launched in October 1998 as part of Naspers' new internet strategy under the company's new managing di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Constitution Of 1961
The Constitution of 1961 (formally the Republic of South Africa Constitution Act, 1961) was the fundamental law of South Africa for two decades. Under the terms of the constitution South Africa ceased to be a Commonwealth realm and became a republic, albeit, temporarily, outside the Commonwealth of Nations from 1961 to 1994. Legally, the Union of South Africa, which had existed since 1910, came to an end and was re-established as the "Republic of South Africa". Background Republicanism was always a major tenet of Afrikaner nationalism. Even when nationalists controlled the government, however, political realities prevented this goal from being attained prior to the 1960s. On 3 August 1960, the National Party government announced a referendum would be held in October of that year so that voters might weigh in on the question of whether the Union of South Africa should become a republic. The vote was restricted to white South Africans. More than 90% of eligible voters parti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Of South Africa
The Union of South Africa (; , ) was the historical predecessor to the present-day South Africa, Republic of South Africa. It came into existence on 31 May 1910 with the unification of the British Cape Colony, Cape, Colony of Natal, Natal, Transvaal Colony, Transvaal, and Orange River Colony, Orange River colonies. It included the territories that were formerly part of the South African Republic and the Orange Free State. Following World War I, the Union of South Africa was a signatory of the Treaty of Versailles and became one of the Member states of the League of Nations, founding members of the League of Nations. It was League of Nations mandate, mandated by the League with the administration of South West Africa (now known as Namibia). South West Africa became treated in most respects as another province of the Union, but it never was formally annexed. The Union of South Africa was a self-governing dominion of the British Empire. Its full sovereignty was confirmed with the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Johannesburg
Johannesburg ( , , ; Zulu language, Zulu and Xhosa language, Xhosa: eGoli ) (colloquially known as Jozi, Joburg, Jo'burg or "The City of Gold") is the most populous city in South Africa. With 5,538,596 people in the City of Johannesburg alone and over 14.8 million in the urban agglomeration, it is classified as a Megacity#List of megacities, megacity and List of urban areas by population, one of the 100 largest urban areas in the world. Johannesburg is the provinces of South Africa, provincial capital of Gauteng, the wealthiest province in South Africa, and seat of the country's highest court, the Constitutional Court of South Africa, Constitutional Court. The city is located within the mineral-rich Witwatersrand hills, the epicentre of the international mineral and gold trade. The richest city in Africa by GDP and private wealth, Johannesburg functions as the economic capital of South Africa and is home to the continent's largest stock exchange, the Johannesburg Stock Exchang ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ridge
A ridge is a long, narrow, elevated geomorphologic landform, structural feature, or a combination of both separated from the surrounding terrain by steep sides. The sides of a ridge slope away from a narrow top, the crest or ridgecrest, with the terrain dropping down on either side. The crest, if narrow, is also called a ridgeline. Limitations on the dimensions of a ridge are lacking. Its height above the surrounding terrain can vary from less than a meter to hundreds of meters. A ridge can be either depositional, erosional, tectonic, or a combination of these in origin and can consist of either bedrock, loose sediment, lava, or ice depending on its origin. A ridge can occur as either an isolated, independent feature or part of a larger geomorphological and/or structural feature. Frequently, a ridge can be further subdivided into smaller geomorphic or structural elements. Classification As in the case of landforms in general, there is a lack of any commonly agreed clas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Afrikaans
Afrikaans is a West Germanic languages, West Germanic language spoken in South Africa, Namibia and to a lesser extent Botswana, Zambia, Zimbabwe and also Argentina where there is a group in Sarmiento, Chubut, Sarmiento that speaks the Patagonian Afrikaans, Patagonian dialect. It evolved from the Dutch language, Dutch vernacular of South Holland (Hollandic dialect) spoken by the free Burghers, predominantly Dutch settlers and slavery in South Africa#Dutch rule, enslaved population of the Dutch Cape Colony, where it gradually began to develop distinguishing characteristics in the 17th and 18th centuries. Although Afrikaans has adopted words from other languages including German language, German, Malay language, Malay and Khoisan languages, an estimated 90 to 95% of the vocabulary of Afrikaans is of Dutch origin. Differences between Afrikaans and Dutch often lie in the more analytic language, analytic Morphology (linguistics), morphology and grammar of Afrikaans, and differ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Witwatersrand
The Witwatersrand (, ; ; locally the Rand or, less commonly, the Reef) is a , north-facing scarp in South Africa. It consists of a hard, erosion-resistant quartzite metamorphic rock, over which several north-flowing rivers form waterfalls, which account for the name Witwatersrand, meaning 'white water ridge' in Afrikaans.Truswell, J.F. (1977). ''The Geological Evolution of South Africa''. pp. 21, 27–28, 33–36. Cape Town: Purnell. This east-west-running scarp can be traced with only one short gap, from Bedfordview (about west of O.R. Tambo International Airport) in the east, through Johannesburg and Roodepoort, to Krugersdorp in the west (see the diagram at left below).Norman, N.; Whitfield, G. (2006) ''Geological Journeys''. pp. 38–49, 60–61. Cape Town: Struik Publishers. The scarp forms the northern edge of a plateau (or ridge) which rises about above the surrounding plains of the Highveld. A number of picturesque Johannesburg suburbs, including Observatory, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Dollar
The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The U.S. dollar was originally defined under a bimetallic standard of (0.7734375 troy ounces) fine silver or, from 1834, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. In 1971 all links to gold were repealed. The U.S. dollar became an important international reserve currency after the First World War, and displaced the pound sterling as the world's primary reserve currency by the Bretton Woods Ag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pound Sterling
Sterling (symbol: £; currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of sterling, and the word '' pound'' is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency in continuous use since its inception. In 2022, it was the fourth-most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the renminbi, it forms the basket of currencies that calculate the value of IMF special drawing rights. As of late 2022, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
