Rand Refinery to manufacture South African legal tender coins such as the world famous Krugerrand. All the gold used to manufacture the coins is supplied by Rand Refinery, who has been appointed the sole supplier of bullion Krugerrands to primary distributors both locally and internationally. In addition to its smelting and refining services Rand Refinery offers metallurgical, logistics and vault services. It acts as an agent for its precious metal depositing customers and its global markets business unit markets all the precious metal produced by the refinery. Rand Refinery Rand Refinery (Pty) Limited is the largest integrated single-site precious metals refining and
South African rand and by the end of 1989, the Rand was trading at levels more than R 2.50 per dollar. As it became clear in the early-1990s that the country was destined for Black majority rule and one reform after the other was announced, uncertainty about the future of the country hastened the depreciation until the level of R 3 to the dollar was breached in November 1992. A host of local and international events influenced the currency after that, most notably the 1994 presiential election which had it weaken to over R 3.60 to the dollar, the election of Tito Mboweni