Financial rand had a previous life, from January 1979 to February 1983. The 1985 crisis coincided with a default (then called a "standstill") on foreign debt by the apartheid government. Financial rand The South African financial rand was the most visible part of a system of capital controls. Although the financial rand was abolished in March 1995, some capital controls remain in place. These capital controls are locally referred to as "exchange controls", although the system has since 1995 moved towards surveillance — recording and reporting to the authorities of foreign currency transactions — rather than control. Capital controls have been in
East Rand Stereo FM frequency with another community radio station. East Rand Stereo received a license in 1999 to broadcast seven days a week, 24 hours a day; and even more so when in 2004 East Rand Stereo became one of the first community radio stations to receive a permanent four-year license. In easily 2009 East Rand Stereo received its new converted permanent class license under the new Electronic Communication Act, which replaced all previous broadcasting acts. East Rand Stereo has come a long way, moving from a small two-room broadcast studio to the current studios, boasting one main broadcasting studio, three production