Coins of the South African rand Coins of the South African rand The coins of the South African rand are part of the physical form of South Africa's currency, the South African rand. In 1961, South Africa replaced the pound with a decimal currency: 100 cents (100c) = 1 rand (R1), 1 rand being valued at 10 shillings and 1 cent at 1.2 pence. The rand was introduced in the then Union of South Africa on 14 February 1961, shortly before the establishment of the Republic on 31 May 1961. The coins bore the forward-facing portrait of Jan van Riebeeck on the obverse. The initial circulation
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