Financial rand 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 place in South Africa in various guises on an uninterrupted basis since the outbreak of World War II, when Great Britain and its dominions implemented the Sterling area.
West Rand creation of the Johannesburg unicity in 1999, Roodepoort, which is traditionally regarded as part of the West Rand, became part of Johannesburg municipality. After 1999, much of the area (excluding Roodepoort, which became part of the City of Johannesburg Metropolitan Municipality) became part of the newly formed West Rand District Municipality. Despite being a separate municipal area, like the East Rand, the West Rand is included in the Witwatersrand urban area. To this end, the West Rand shares the same dialling code as Johannesburg (011 locally). It is not uncommon for residents of the West Rand to work in Johannesburg