South African rand

South African rand
Rs
The South African rand, or simply the rand, (sign: R; code: ZAR) is the official currency of the Southern African Common Monetary Area: South Africa, Namibia (alongside the Namibian dollar), Lesotho (alongside the Lesotho loti) and Eswatini (alongside the Swazi lilangeni). It is subdivided into 100 cents (sign: "c").

The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho and Eswatini, with these three countries also having their own national currency (the dollar, the loti and the lilangeni respectively) pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976, when the pula replaced the rand at par.

The rand takes its name from the Witwatersrand ("white waters' ridge" in English, rand being the Dutch and Afrikaans word for 'ridge'), the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. In English and Afrikaans the singular and plural form of the unit ("rand") is the same: one rand, ten rand, two million rand.

Country
  • Lesotho
    Lesotho, officially the Kingdom of Lesotho, is a country landlocked as an enclave in South Africa. It is situated in the Maloti Mountains and contains the highest mountains in Southern Africa. It has an area of over 30000 km2 and has a population of about million.

    It was previously the British Crown colony of Basutoland, which was given independence by the United Kingdom on 4 October 1966. It is a fully sovereign state and is a member of the United Nations, the Commonwealth of Nations, the African Union, and the Southern African Development Community. The name Lesotho roughly translates to "land of the Sotho".
  • Namibia
    Namibia, officially the Republic of Namibia, is a country in Southern Africa. Its western border is the Atlantic Ocean. It shares land borders with Zambia and Angola to the north, Botswana to the east and South Africa to the south and east. Although it does not border Zimbabwe, less than 200 metres (660 feet) of the Botswanan right bank of the Zambezi River separates the two countries. Namibia gained independence from South Africa on 21 March 1990, following the Namibian War of Independence. Its capital and largest city is Windhoek. Namibia is a member state of the United Nations (UN), the Southern African Development Community (SADC), the African Union (AU) and the Commonwealth of Nations.

    The driest country in sub-Saharan Africa, Namibia has been inhabited since pre-historic times by the San, Damara and Nama people. Around the 14th century, immigrating Bantu peoples arrived as part of the Bantu expansion. Since then, the Bantu groups, the largest being the Ovambo, have dominated the population of the country; since the late 19th century, they have constituted a majority. Today Namibia is one of the least densely populated countries in the world.
  • South Africa
    South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by 2798 km of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countries of Namibia, Botswana, and Zimbabwe; and to the east and northeast by Mozambique and Eswatini. It also completely enclaves the country Lesotho. It is the southernmost country on the mainland of the Old World, and the second-most populous country located entirely south of the equator, after Tanzania. South Africa is a biodiversity hotspot, with unique biomes, plant and animal life. With over 60 million people, the country is the world's 24th-most populous nation and covers an area of 1221037 km2. South Africa has three capital cities, with the executive, judicial and legislative branches of government based in Pretoria, Bloemfontein, and Cape Town respectively. The largest city is Johannesburg.

    About 80% of the population are Black South Africans. The remaining population consists of Africa's largest communities of European (White South Africans), Asian (Indian South Africans and Chinese South Africans), and multiracial (Coloured South Africans) ancestry. South Africa is a multiethnic society encompassing a wide variety of cultures, languages, and religions. Its pluralistic makeup is reflected in the constitution's recognition of 11 official languages, the fourth-highest number in the world. According to the 2011 census, the two most spoken first languages are Zulu (22.7%) and Xhosa (16.0%). The two next ones are of European origin: Afrikaans (13.5%) developed from Dutch and serves as the first language of most Coloured and White South Africans; English (9.6%) reflects the legacy of British colonialism and is commonly used in public and commercial life.