Financial rand during 1984–1985 were largely the result of economic sanctions in response to apartheid. At the same time, the government enacted the exchange controls. Investments in South Africa by foreigners could only be sold for financial rand. The financial rand system provided for two exchange rates for the rand — one for current account transactions and one for capital account transactions for non-residents. Investments made in South Africa by non-residents could only be sold for financial rand, and limitations were placed on the convertibility of financial rand into foreign currencies. Financial rand had the ISO 4217 currency code ZAL. Financial rand
The Rand Daily Mail black newspaper "The Sowetan" described "The Rand Daily Mail" as the first white newspaper to regard blacks as human beings. Yet for most of the apartheid period (1948–1990) the paper suffered from poor management, government infiltration, and state censorship. The management often tried to replace more liberal editors with conservative ones. After the closure of "The Rand Daily Mail", some of its journalists (like Anton Harber and Irwin Manoim) pooled their severance pay to start the "Weekly Mail" (now "Mail & Guardian"), which carried on the anti-apartheid stance of its predecessor. Times Media Group held the rights to "The Rand