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.
The Passion of Ayn Rand affair between Rand and Nathaniel Branden. In an interview, Branden said that she had undertaken the book in part "to rescue [Rand] from the need to be godlike. As I wrote, she was much more than that: she was a human being and a woman ... it is only in that context that Objectivism can be separated from its founder and its supporters and be seen as a philosophy which stands or falls by its own relationship to reality – not by the virtues or vices of those who espouse it." The book was first published in 1986 in a