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.
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