ROB ROSE: The rand, shaken and stirred, has survived to 60 — but imagine if Ace’s faction prevails?
15 February 2021 - 08:30
At least, If SA devolves into a dystopian nightmare, and a future president Ace Magashule appoints Nomvula Mokonyane as finance minister, she’ll finally find out just how hard it is to “pick up the rand”.
The currency celebrated its diamond anniversary on Valentine’s Day, after being introduced in 1961 to replace the SA pound. The birth of the rand was a big deal: until then, SA used the UK system, in which you got 12 pennies to a shilling, and 20 shillings to the pound. The decimal system entailed a revolution in thinking...
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