We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Ask gold fans anywhere in the world what gold coin springs first to mind and odds are they’ll pick the Krugerrand. The Krugerrand, containing one ounce of gold, is an iconic symbol of SA — and this year it celebrates its 50th anniversary. Rather more crucially, it has been a pretty sharp investment. In 1967, a Krugerrand would have cost you R25; today, it costs R16,290 — a compound growth rate of just on 14%/year. It seems unimaginable now, but back in 1967 when the Chamber of Mines, SA Reserve Bank and Rand Refinery joined forces to launch the Krugerrand, nothing like it existed. "The concept of a legal-tender, central bank-issued gold coin with no face value was revolutionary in 1967," says Hilton Davies, MD of SA Bullion Management. "To me, the Krugerrand ranks near the top of the list of great SA inventions." Today, the Krugerrand has competitors. The two biggest are the American Gold Eagle and Canadian Gold Maple Leaf. Others are China’s Panda, Australia’s Kangaroo, Austria’s P...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.