Coins of the South African rand transactions are rounded to the nearest 10c. A bi-metallic R5 coin with added security features, including a grooved edge and micro-lettering on the reverse, was introduced in 2004. The gold Krugerrand coin is produced in 1/10 oz, 1/4 oz, 1/2 oz and 1 oz denominations. Coins of the South African rand The coins of the South African rand are part of the physical form of South Africa's currency, the South African rand. In 1961, South Africa replaced the pound with a decimal currency: 100 cents (100c) = 1 rand (R1), 1 rand being valued at 10 shillings and 1 cent
The Ayn Rand Cult The Ayn Rand Cult The Ayn Rand Cult is a book by journalist Jeff Walker, published by Open Court Publishing Company in 1999. Walker discusses the history of the Objectivist movement started by novelist and philosopher Ayn Rand, which he describes as a cult. The Objectivist movement began with a small group of Rand's confidants and students who supported her philosophy of Objectivism. This group was at first known informally as "The Collective", and later gained more structure in the form of the Nathaniel Branden Institute (NBI), named after Rand's protege Nathaniel Branden, and a magazine that Rand and Branden