Financial rand had a previous life, from January 1979 to February 1983. The 1985 crisis coincided with a default (then called a "standstill") on foreign debt by the apartheid government. 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
Ingersoll Rand which maintains commercial and residential security hardware brands such as Schlage, Von Duprin, LCN, Bricard, Interflex, Normbau and CISA. In August 2014, it was announced that Ingersoll-Rand would acquire the centrifugal compression unit of Cameron International for $850 million. In September 2017, the Asthma and Allergy Foundation of America and Allergy Standards Limited announced that the Trane CleanEffects™ whole home air cleaner from Ingersoll Rand has earned the Asthma and Allergy Friendly Certification. This is the first whole home air cleaner to receive this Certification. In October 2018, Ingersoll Rand has received takeover interest in its power tools business, which