Rand Water to metropolitan and local municipalities, industry and mining in Gauteng, and parts of Mpumalanga, the Free State, and North West provinces. Rand Water has water network of 3,056 km of pipelines, 53 reservoirs, supplying 3,653 million litres of water daily to its varied customers. Its headquarters is in the suburb of Glenvista. Rand Water Rand Water previously known as the Rand Water Board is a South African water utility that supplies potable water to the Gauteng province and other areas of the country and is the largest water utility in Africa. The water is drawn from numerous sources and is
Currency board Currency board A currency board is a monetary authority which is required to maintain a fixed exchange rate with a foreign currency. This policy objective requires the conventional objectives of a central bank to be subordinated to the exchange rate target. The main qualities of an orthodox currency board are: The currency board in question will no longer issue fiat money but instead will only issue one unit of local currency for each unit (or decided amount) of foreign currency it has in its vault (often a hard currency such as the U.S. dollar or the euro). The surplus on