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.
Terry Rand points. Rand played college basketball at Marquette University and led the team in scoring as a sophomore, junior, and senior. As a junior, he helped lead the Golden Warriors to a 24-3 record and its first NCAA tournament appearance. The team carried a 22-game winning streak and was ranked eighth in the nation. In the first round, Rand scored 37 points and grabbed 25 rebounds in a 97-70 victory over Miami (Ohio), which still stands as the school tournament record. Marquette reached the Elite Eight after defeating Kentucky, before losing to Iowa. In his senior season, Rand posted averages of