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On Tuesday, the SA Reserve Bank announced the appointment of Honey Mamabolo as the new MD of the SA Mint Company, a wholly owned subsidiary of the Bank.

The 128-year-old SA Mint produces SA’s legal-tender coins, investment coins — such as the Krugerrand — as well as coins for the international market. The Mint achieved a pre-tax profit of R1.5bn in the 2018/2019 financial year, driven by increased demand for the Krugerrand, according to the Bank’s latest annual results. ..

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