South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

Johannesburg overview

Johannesburg (/dʒoʊˈhænɪsbɜːrɡ/; Afrikaans: [jʊəˈɦanəsbœrχ]; also known as Jozi, Joburg, and eGoli)[1] is the largest city in South Africa and one of the 50 largest urban areas in the world.[9] It is the provincial capital and largest city of Gauteng, which is the wealthiest province in South Africa.[10] While Johannesburg is not one of South Africa's three capital cities, it is the seat of the Constitutional Court. The city is located in the mineral-rich Witwatersrand range of hills and is the centre of large-scale gold and diamond trade.[citation needed]

The metropolis is an alpha global city as listed by the Globalization and World Cities Research Network. In 2011, the population of the city of Johannesburg was 4,434,827, making it the most populous city in South Africa.[11] In the same year, the population of Johannesburg's urban agglomeration was put at 7,860,781.[5] The land area of the municipal city (1,645 km2 (635 sq mi)) is large in comparison with those of other major cities, resulting in a moderate population density of 2,364/km2 (6,120/sq mi).

The city was established in 1886 following the discovery of gold on what had been a farm. The city is commonly interpreted as the modern day El Dorado[by whom?] due to the extremely large gold deposit found along the Witwatersrand.[12] The name is attributed to one or all of three men involved in the establishment of the city. In ten years, the population grew to 100,000 inhabitants.

A separate city from the late 1970s until 1994, Soweto is now part of Johannesburg. Originally an acronym for "South-Western Townships", Soweto originated as a collection of settlements on the outskirts of Johannesburg, populated mostly by native African workers from the gold mining industry. Soweto, although eventually incorporated into Johannesburg, had been separated as a residential area for Blacks, who were not permitted to live in Johannesburg proper. Lenasia is predominantly populated by English-speaking South Africans of Indian descent. These areas were designated as non-white areas in accordance with the segregationist policies of the South African government known as Apartheid.[citation needed]

Best 1 ZAR to GBP exchange rate in Johannesburg - 1 South African Rand to British Pound

Best ZAR/GBP rate at Bidvest Bank in Johannesburg

1 ZAR to GBP exchange rates at Bidvest Bank in Johannesburg
1 South African Rand = 0.055 British Pound
Exchange ZAR at Bidvest Bank to GBP in Johannesburg
1 South African Rand = 0.055 British Pound
2 South African Rand = 0.111 British Pound
5 South African Rand = 0.277 British Pound
10 South African Rand = 0.555 British Pound
Exchange South African Rand at Bidvest Bank to British Pound in Johannesburg
Bidvest Bank
Bidvest Bank

We’re a leading second tier bank and a subsidiary of The Bidvest Group Limited. Our strategy includes diversifying a historically forex- and fleet-focused customer base to one of business and personal banking services. This diversification strategy, combined with a prudent lending philosophy resulted in the recent upgrade, by Moody’s Financial Services, of Bidvest Bank’s long-term national scale rating from A1 to Aa2, an increase of two notches. About Us Bidvest Bank is an entrepreneurial...

Best ZAR/GBP rate at Standard Bank in Johannesburg

1 ZAR to GBP exchange rates at Standard Bank in Johannesburg
1 South African Rand = 0.056 British Pound
Exchange ZAR at Standard Bank to GBP in Johannesburg
1 South African Rand = 0.056 British Pound
2 South African Rand = 0.112 British Pound
5 South African Rand = 0.279 British Pound
10 South African Rand = 0.558 British Pound
Exchange South African Rand at Standard Bank to British Pound in Johannesburg
Standard Bank
Standard Bank

The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent right-wing South African politician John Paterson[3][4] formed a bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon...

Best ZAR/GBP rate at American Express Forex in Johannesburg

1 ZAR to GBP exchange rates at American Express Forex in Johannesburg
1 South African Rand = 0.058 British Pound
Exchange ZAR at American Express Forex to GBP in Johannesburg
1 South African Rand = 0.058 British Pound
2 South African Rand = 0.115 British Pound
5 South African Rand = 0.288 British Pound
10 South African Rand = 0.576 British Pound
Exchange South African Rand at American Express Forex to British Pound in Johannesburg
American Express Forex
American Express Forex

American Express Foreign Exchange, operates under license by Tourvest Financial Services (Pty) Ltd. Tourvest is Southern Africa’s number one tourism group, offering a range of products and services that encompass the needs of all visitors to Southern Africa. American Express foreign exchange South Africa is operated under franchise from American Express globally. We have 3 branches in Botswana and operates in a Joint Venture with Bank Windhoek in Namibia. We are the market leaders in foreign...

1 ZAR to GBP exchange rates news

Rand gains ahead of GDP data

The rand moved in tandem with other emerging markets which have been buoyed by thaw in tensions between the world’s top two economies as presidents Donald Trump and Xi Jinping struck a deal at the G20 summit over the weekend in Argentina.

about 1 month conditional positive
South Africa's Rand Falls to 2-Year Low As Turkey Rout Spreads

Magnitude of rand's slide came after three days of heavy losses and caught South African Reserve Bank by surprise, but deputy governor at bank told Reuters that regulator was 'nowhere near' intervening to support currency

about 2 months conditional positive
South African rand weaker as risk appetite muted

The South African rand slipped early on Tuesday, erasing gains from the previous session as appetite for riskier assets was muted on global markets.

2 months subjunctive neutral
Jamaican dollar declines 10 cents vs greenback

The Jamaican dollar devalued by 10 cents against the United States dollar during Wednesday’s trading, according to the trading summary from the Bank of Jamaica (BOJ)

5 days indicative negative
Forex reserves hit high in December | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS

Taipei, Jan. 4 (CNA) Taiwan's foreign exchange reserves hit another all-time high at the end of December because of an increase in returns on the portfolio managed by Taiwan's central bank, the bank said Friday.

11 days indicative neutral

Johannesburg news

Pitch Black Afro's murdered wife to be buried in Soweto

Thulani Ngcobo, also known as Pitch Black Afro, appeared on Thursday in the Johannesburg Magistrates Court on charges of premeditated murder and defeating the ends of justice.

1 day conditional negative
Zambian president swears in new army chief

JOHANNESBURG (Reuters) - Zambian President...

15 days indicative neutral
AMD, ZamaZamas and the imminent collapse of Johannesburg
AMD, ZamaZamas and the imminent collapse of Johannesburg

Years ago the mainstream media made a meal of how acid mine drainage was going to be the undoing of the Johannesburg CBD - the new fear is now ZamaZamas.

about 2 months subjunctive negative
Digging to disaster: how illegal mining is putting Johannesburg at risk
Digging to disaster: how illegal mining is putting Johannesburg at risk

Experts have sounded the alarm that illegal miners are blasting to within metres of highly flammable gas and fuel lines under Johannesburg.

about 2 months conditional negative
A view of Johannesburg through lenses from a different era

Johannesburg Then and Now is an important book about what ought to be appreciated and "saved".

2 months indicative neutral
The ten best breakfast places in Johannesburg
The ten best breakfast places in Johannesburg

A selection of the best Jozi has to offer.

2 months indicative positive
Johannesburg weather: Severe thunderstorms and hail expected
Johannesburg weather: Severe thunderstorms and hail expected

Downpours, damaging winds and the possibility of localised flooding reported over large parts of Gauteng, according to Johannesburg weather forecast.

2 months indicative positive
Man shot and killed in apparent Johannesburg hijacking | IOL News

A man was shot dead during an apparent hijacking on Mint Street in Fordsburg, Johannesburg, paramedics said.

2 months subjunctive neutral

1 ZAR to GBP currency converter in Johannesburg