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 the end of 2004 was trading under R 5.70 to the dollar. The currency softened somewhat in 2005, and was trading around R 6.35 to the dollar at the end of the year. At the start of 2006, however, the currency resumed its rally, and as of 19 January 2006, was trading under R 6 to the dollar again. However, during the second and third quarters of 2006 (i.e. April through September), the Rand weakened significantly. In sterling terms, it fell from around 9.5p to just over 7p, losing some 25% of its international trade-weighted value in just six months.