Coins of the South African rand 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 at 1.2 pence. The rand was introduced in the then Union of South Africa on 14 February 1961, shortly before the establishment of the Republic on 31 May 1961. The coins bore the forward-facing portrait of Jan van Riebeeck on the obverse. The initial circulation
Rand School of Social Science unions centered in New York. In 1935, the Rand School changed its name to the "Tamiment Institute and Library," although it continued to use the imprint "Rand School Press" for its printed publications. During the Socialist Party split of 1936, the Rand School of Social Science followed the Old Guard faction out of the party and into the new Social Democratic Federation. During this final interval the school became to be supported in an increasing percentage by the profits generated by Camp Tamiment, the SDF's country summer camp for trade union workers. by the late 1930s more than half of