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 Group officials with the Mongolian government on applications of business technology to their petroleum and natural resource industry as part of a five-day workshop put on by the US Department of Commerce. Rand Group was formed in 2003 by the acquisition of the technical consulting division of Hein & Associates LLP, a regional accounting firm. Between 1996 and 2003, prior to the formation, the same management team provided the same service offering at Hein. Rand Group received Gold Partner status in 2005, primarily as a result of its 90% client retention rate. Since 2004, Rand Group has consistently ranked in Accounting