Fin24

Sarb launches new Mandela notes

2012-09-05 13:06

Pretoria - The SA Reserve Bank launched a national campaign on Wednesday on a new range of banknotes honouring former president Nelson Mandela.

It said the range was themed "One of a kind" and that the campaign was aimed at educating the public about the banknotes, which would enter circulation before the end of the year.

The new R200, R100, R50, R20, and R10 notes would show Mandela's face on the front, and the Big Five animals, which appear on the existing notes, on the back.

Security features would include watermarks, micro-printing, and unique numbering. There would be raised printing for the visually impaired.

The new banknotes would be the same size as those already in circulation to avoid confusing the visually impaired.

"We are pleased to issue this new series of banknotes which reflects South Africa's pride as a nation and pays tribute to a much-loved world icon," Sarb governor Gill Marcus said at the bank's head office in Pretoria.

She said the campaign had already started in other countries on the continent which used the South African rand. These included Namibia, Swaziland and Lesotho, Zimbabwe, Kenya and Tanzania.

The banknotes already in circulation remained a legal tender and were of equal value to the one to be introduced.

Marcus said that as at December last year, R100bn of banknotes were circulating within the South African economy.

She said it was regarded as a best practice internationally for central banks to upgrade the security features of their banknotes every six to eight years.

"This is to combat counterfeiting, which diminishes the value of real money, robs countries worldwide of billions of rand annually and tarnishes the credibility of a currency, thereby impacting on the growth of that economy," she said.

"We've done our best to ensure that they cannot be replicated."

The campaign would end in March.

"We are very thankful for the recognition of Tata (Mandela) in this manner," said Winnie Madikizela-Mandela, who attended the launch.

"We think it is the best birthday present he ever received on his 94th birthday."


Mandela note


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Comments
  • booswig.visagie - 2012-09-05 13:19

    This is bad news. I thought there was a decision never to use political figures on South African currency after 1994. Who will be next? Jacob Zuma? Desmund Tutu? Julias Malema? Damned politics!

      Willie - 2012-09-05 13:27

      @booswig.visagie - "...i thought..." get facts not hearsay

      elewies - 2012-09-05 13:50

      I'm excited! Change is as good as a holiday

      firstseed.mbeva - 2012-09-05 14:16

      We will have Malema's cpoin very soon

      maree.cassie - 2012-09-05 14:35

      I would have made it a limited edition on maybe put him on a certain one, but on every one is too much. I also think that putting him on a bank note will see that he remembered as the guy on the bank notes and not for what he did.

      chilli.stephenson1 - 2012-09-05 15:02

      Actually, Madiba is a Legend, and He is a world Famous man of Integrity and honor. This is great. No other will get their faces on our money. It will stay Madiba. He is Legend!

      steve.ritchie.739 - 2012-09-05 16:22

      If the cANCer's corrupt and thieving ways continue, they will have to print plenty of banknotes like their Zim buddies.

  • ebrahim.floris.7 - 2012-09-05 13:19

    Nice,very Nice!

  • mike.dufham.7 - 2012-09-05 13:21

    Another lot of bank notes that will be worthless. Might has well have put the face of a hyena on it. Might have been worth more

      xolani.tembu - 2012-09-06 03:01

      Please stay away from intoxicants before posting lest you get offensive mate.

  • wilhelm.grobbelaar - 2012-09-05 13:23

    This truly is a very good way to honour Madiba. But deep down in my heart I know that one of Madiba's biggest dreams is to establish a childrens' hospital in Cape Town. If this can happen, it would make Madiba's life more memorable than anything else. Viva Madiba, viva uxolo.

  • michangel.justice - 2012-09-05 13:23

    The man that promised us " Freedom , Security , Comfort , etc " has grown to old to see his nation suffer. May his soul rest in peace for his legacy has been shattered. " Never Again ", has come too soon for all south africans and to the new kings of this country, enjoy the corruption for that will come very soon to an end.

      Willie - 2012-09-05 13:27

      Spot on

  • richard.zanner - 2012-09-05 13:34

    And what will this cost us again. As it is we now need to build a palace for our King and a plane for our President.

      sanda.mnyazi - 2012-09-05 16:37

      nothing.....they can use the notes printed to pay for the costs lol

  • tony.naidoo - 2012-09-05 13:35

    I can only hope that Madiba's image on the notes will trigger some kind of conscience in our politokoloshes as they plunder and loot the state coffers!

      wesley.bischoff - 2012-09-05 15:04

      HAHA!!! Yeah right. Their conscience is their bank account

  • justin.pretorius - 2012-09-05 13:42

    I thought a person's face should not appear on bank notes until they have passed away? Nothing unusual in SA I guess. When Mandela passes on, what will the ANC have left?

  • henk.vanrensburg.31 - 2012-09-05 13:43

    At least the currency is reflecting its value....

  • siBuSmash - 2012-09-05 13:52

    Yes he is our hero, but I think this a bit too much. Very unnecessary. My opinion

  • Tawizee - 2012-09-05 13:52

    Mandela square, Mandela university, Mandela Street, Mandela bridge, Mandela church; and now Mandela notes?

      xolani.tembu - 2012-09-06 03:02

      deal with it!

  • rocky.bell.927 - 2012-09-05 13:57

    The criminals will even have "mandela" in their pockets soon!!

      jpstrauss - 2012-09-05 14:25

      LOL

  • okonkwo7 - 2012-09-05 14:13

    This is bloody unfair

      davidson.mu - 2012-09-05 14:55

      unfair to whom?

      xolani.tembu - 2012-09-06 03:07

      sounds like there's a suggestion coming the bro... you? lol!!!

  • firstseed.mbeva - 2012-09-05 14:17

    We will have Malema's R1 coin very soon

      desertratbkf - 2012-09-05 15:58

      Thats all he's worth! In other words, worthless!

  • dewaldmontgomery - 2012-09-05 14:20

    We can now officially talk about 12 Mandelas for a litre of petrol, 15 Mandelas for a 2 litre Coke, but best of all, billions of Mandelas stolen, plundered and looted by the ANC!

  • zahirj - 2012-09-05 14:45

    Eh! First thing I'm going to do when I get my hands on of these shiny new notes is buy a 2L tub of Ayrshire yoghurt and a quarter fried chicken at Woolworths!

  • davidson.mu - 2012-09-05 15:02

    this change hs bn due since 1994 lol

      rocky.bell.927 - 2012-09-05 17:38

      Why? PLEASE don't tell me that the big five reminds you of apartheid?? I thought I heard it all. Chuck me Farlie, only in Efrika!!

  • SarelJBotha - 2012-09-05 15:13

    What is the difference between a piece op paper with Madela's face on it, or one with a pumpkin on it? Nothing, both are still paper and basically open to loosing perceived value faster than the ANC can steal. Soon enough stacks of this paper will buy nothing, like in Zim.

  • david.i.freire - 2012-09-05 15:17

    I totally agree with Gill that every so many years upgrades are necessary for security purposes. But why are all the R100 notes being outsourced? Who won that tendor? Oh brother, never mind, I'll just sit back and take another ridiculous scandal spread all over the headlines.

  • lodewyk.fred - 2012-09-05 16:15

    In South Africa: Take the Nelson Mandela highway till you get to Nelson Mandela Town, Take the Nelson Mandela off ramp and keep left till you get Nelson Mandela Drive and go right. Keep going till you Pass the Nelson Mandela University and turn right into Nelson Mandela Street. Pass the Nelson Mandela Hospital , around the Nelson Mandela Circle straight into Nelson Mandela Lane, Number 66 on you left. Nelson Mandela Building, floor 6.

  • TylerReeveHunter - 2012-09-05 17:47

    so lets waste more money on something that didn't need changing. what was wrong with our old notes?

  • rocky.bell.927 - 2012-09-05 17:55

    Watchman. LOL!! My question too. I actually think it is a criminal offence!!

  • esther.coetzee.50 - 2012-09-05 19:26

    And there our currency goes further down the drain...

  • robert.doyle.712 - 2012-09-05 19:32

    Finally Banana Republic Status. Whooo Hoooooo

      xolani.tembu - 2012-09-06 03:05

      Cathay Pacific has very cheap tickets to anywhere else in the world, take your bitching syndrome there!

  • jake.thesnake.3950 - 2012-09-05 20:13

    No, no, no! Put the terrorist on the back of the note (or not at all), and the animals on the front.

  • ruan.lacock - 2012-09-05 21:13

    ....hold on to a few of them....once he's dead the notes will be worth a little more....

  • ruan.lacock - 2012-09-05 21:19

    ,,,and flog 'em on E/bay for a profit....

  • ed.lamola - 2012-09-06 02:54

    it's funny how ig'nant 2day's generation is. 1st of all th article clearly states that banknotes need 2 b updated every few years in order 2 \combat counterfeiting\. Now 1 of th best ways 2 do ths is 2 completly redesign th appearance of th note. Let's say u were th designer n culdn use th big 5 on th front face anymore, how wuld u wise-guys design th note, wht wuld u put on th note? Granted i thnk perhaps th designers culda used Mandela's face on 1 note only, mayb th 100 or 200. Then all th other major liberation fighters such as Biko or Hani culda been put on th other notes coz we hav all of them 2 thank 4 th democracy we take 4granted 2day. Yes our current guvment has many problems i don even wana mention but perhaps seeing our liberaters on our money everyday will remind some of us wht they fought for, an ideal tht is being subverted by our current leaders. As far as th \needing 2 b dead\ in order appear on a banknote falacy goes, it is written nowhere as a rule. Geez queen Elizabeth II has appeared on dozens of notes all over th world since becoming queen decades ago. Have some thought n research b4 u post some really petty comments people.

      mzakes.matabata - 2012-09-06 09:08

      they just a bunch of moaners.

  • jarryde.meikle - 2012-09-06 09:29

    just shows you... money is dirty. but change is good

  • thandim - 2012-09-06 13:29

    Looks like Zim dollar...the graphic is not nice...

  • ppmalinda - 2012-09-07 20:14

    change is indeed good

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