Fin24

'Randela' banknotes to start circulating

2012-10-31 07:38

Johannesburg - New bank notes featuring former president Nelson Mandela will enter circulation on November 6, the SA Reserve Bank said on Tuesday.

"The Reserve Bank is proud to be able to honour South Africa's struggle icon and first democratically elected president in this way," Sarb governor Gill Marcus said in a statement.

"Our currency is a unique symbol of our nationhood, with many of us handling banknotes every day."

The new banknotes feature Mandela on the front and pictures of the "Big Five" animals on the back, Sarb said in a statement.

The new banknotes will circulate with the existing currency and both will be legal tender.

The launch has been preceded by a public awareness campaign that includes television, radio and print advertisements as well as electronic media and social networking.

There have also been roadshow and events throughout the country and abroad in Swaziland, Namibia, Lesotho, Mozambique, Botswana and Zimbabwe.

 

Comments
  • adrian.tyler - 2012-10-31 07:42

    Can't wait to start making some Madibas!!

      christopher.shining - 2012-10-31 08:34

      What about a note with zuma the idiot on it, we could use it for cheap toilet paper.

      peter.j.cock - 2012-10-31 09:10

      @christopher - carefull, he might sue you for dirtying his dignity even though is was only a R 1.00 note - ( over valued anyway ).

      stirrer.stirrer - 2012-10-31 10:47

      The Rand is now known as the Madiba and the cent is a Zuma. 1 Madiba = 100 Zuma's

      ab.normal.961 - 2012-10-31 16:20

      The country is going to the dogs and they are concerned about changing our money, while most South Africans can not even afford to own it.

      thabang.bonang.7 - 2012-10-31 17:09

      I dont care what you people are saying about the new notes. I am just glad that on the picture JZ did not hold that board upside down :-)

  • piet.lombard.5 - 2012-10-31 07:54

    Now it will be called Mandelas and your change wil be called Mamparras...........

      kimard - 2012-10-31 08:26

      hahaaaaaaa pieter!! :))

      thapelo.maleka.94 - 2012-10-31 08:54

      randela next south africa will be called mandelion

  • rhett.deklerk - 2012-10-31 08:06

    Since when has it be a celebratory thing when a country throws new currency into the arena. No it has nothing to do with Mandela.\r\n\r\nDoes anyone know where to find info on how much currency is being \manufactured\?

      Johannes - 2012-10-31 10:56

      Thanks Rhett! This was my thought exactly. The value of almost anything is determined by how scarce it is. What will become of the rand value once the economy is now flooded with it. Hello inflation my old friend...

      Odicito - 2012-10-31 18:13

      Ya, but you can control the supply of money. Pull out old noes as new ones enter the market in a gradual way. Thats econ 101. They do the same for old notes, only here the scale will be much larger.

      Johannes - 2012-11-01 10:51

      Diversitas - Were do we get the money to print all this new money?

  • bernard.linde - 2012-10-31 08:08

    Was this really necessary?? What is this going to cost us? Or are the current animals on the notes not PC enough? I wish South Africans (read government) could STOP WASTING MONEY ON UNNECESSARY THINGS!

      wesley.bischoff - 2012-10-31 08:29

      The animals are still on the notes, just on the other side :) I don't mind Madiba being on the notes, they actually look nice. The problem is, i thought it was in the constitution that no political figure's bust is allowed to appear on legal tender?

      aao.bar - 2012-10-31 09:49

      Er, yes! It was necessary. In keeping with international standards to upgrade notes every decade or so - upgrading security features etc. Notes get printed and recycled all the time. Only thing is you may not notice as the design remains the same. @Wesley - I do agree with you. The ANC moves the goal post at will. The justification of changing Jan Smuts to JIA was that airports were to be named after the city they are located only. Yeah right. Fast forward to ORT. Things should be kept neutral birds, trees, animals etc in whatever language. Every political party has got its own set of heroes. What will happen when different political parties come into power in the future? It will be a case of naming musical chairs - at great cost!!!

      bernard.linde - 2012-10-31 13:05

      @aao.bar - This is not about upgrading, updating and recycling - it is about the politicization of a currency. So, er, NO - design change is not necessary. There are equally prominent and great NON-POLITICAL figures in the history of our country that would be equally fitting to be on a bank note. So why Madiba needs to be on ALL of them, is beyond me. What's next? His face on the country's coat of arms???

      NicBob - 2012-10-31 20:46

      They print money every so often and they have to upgrade their equipment for printing about every 5 years so they just changed the pictures and upgraded security measures. I don't know how much it cost, I can't find that info, but it will save money by stopping counterfeits. There will be raised printing for the blind. Mandela is also old and unfortunately going to die soon, so they are creating a living memory of him. The only positive thing anyone overseas knows about South Africa is Mandela and they confuse him with Morgan Freeman, lol. Also, the colours will remain the same, it might seem different because of the pictures. http://www.engineeringnews.co.za/article/new-banknotes-to-be-introduced-before-year-end-2012-09-05 http://www.bdlive.co.za/economy/2012/09/05/existing-banknotes-to-be-phased-out-replaced-with-new-mandela-series http://www.southafrica.info/mandela/mandelanote-130212.htm#.UJFuAW_qlic http://banknotes.resbank.co.za/about/the-new-banknotes

  • Small.Mbongwa - 2012-10-31 08:12

    Randela>was this before Mandela>

  • phumi.ntlabati - 2012-10-31 08:18

    I do not see the significance of this fruitless and expensive exercise and how it is suppose to uplift the economic disparities of our people? We should not be elevating individuals as saints at the expense of the collective. There are many leaders in the broad democratic mass movement that played a far and even more better role than Mandela, in taking this country forward. Why can't we honor them as well? Mandela has already stadiums, hospital, universities, roads, squatter camps, and statues amongst the rich and our former colonizers here and abroad! Wouldn’t it be an honor if stalwarts such as Tambo, Sobukwe, Mangosuthu, Biko and others be given such accolades? We have done it for the big five before! Why can't we do it for them also, instead of doing a one man show, who by- the-way has still lot to answer to our people?

      bernard.linde - 2012-10-31 08:28

      I agree with you 100%!!!!!

      2zbunu - 2012-10-31 08:40

      My fellow Mntu I suggest that you visit your history and read it honestly why Mandela was choosen by the same leaders u mentioned here as a face of democracy. Then apply your mind to the current situation why He is still famous loved by not only Bantus but most of world people. Talking about economy do you want to continue with your old regulated face value rand. Hope this new tender bearer notes will have value and weight to strengthen our inherited rand. Watch this!!!!!

      Johannes - 2012-10-31 11:00

      2zbunu - How exactly will it strengthen our rand??? PLEASE do tell.. This will ONLY devalue money, which mean INFLATION. Just because you put a picture of someone famous on something it doesn't make it valuable!

      wim.kotze.9 - 2012-10-31 20:34

      Johannes, it may be in greater demand.... as toilet paper.

      mpumelelo.nzimande.7 - 2012-11-01 12:41

      dont make it about politics, it about ICONS, fact Mandela is the only worldwidely known hero in South African, the next worldly famous person in our country would be Charlize Theron, must we put her in the notes instead?

  • SarelJBotha - 2012-10-31 08:21

    http://www.ubuntuparty.org.za/2012/10/update-from-michael-tellinger-30-oct.html THE BIG CASE: There is one MAJOR case in Cape Town, where 3 weeks ago, a judgement went against First National Bank – in favour of the defendant who will remain nameless until this Friday. This has now turned into the most sensitive case in SA history regarding banking. This is the straw that will break the camel’s back and allow all of our cases to be argued and won, by arguing legal precedent. It will also spread like a virus worldwide very quickly from here. Acting Judge President, Jeanette Traverso, has taken the file into her chambers for safekeeping to avoid anyone tampering with it. That is what she claims according to our information. What needs to be pointed out is that Judge Traverso has been involved as a judge in many liquidation cases where majority of the judgements she handed down have gone in favour of the banks. The case we are referring to here is now a matter of public domain and is of extreme interest and should be disclosed and exposed for all to see immediately, instead of being hidden and protected by the Acting Judge President in her chambers!

  • David - 2012-10-31 08:22

    YAAAAWN....is there anything left in SA that doesnt have his name or face on it? We are such a tunnel visioned nation. What about Table Mountain? The magnificent umbrella Acacia trees, the colourful mud huts that dot the rural areas, the magnificent wildlife, the blue flag beaches....no...its bloody Mandela again!

      nkuli.gcanga - 2012-10-31 08:45

      The day he dies will be a public holiday. U watch!! #BBM sick face#

  • eugene.muller.7 - 2012-10-31 08:22

    Scrap the big 5, soon to be big 4...can't protect what you print on your money...but soooo proud of it.

      tony.kirby1 - 2012-10-31 09:09

      The big 5, are you refering to the big 5 animals or the big 5 in the ANC.

  • utopian.idealist - 2012-10-31 08:22

    Lets hope it isn't Juju babies face on the next set of banknotes because then we're all f**ked

      stirrer.stirrer - 2012-10-31 13:46

      It's times like this that I'm thankful for email. Can you imagine if we still used snail mail, and they put Juju's face on the stamps, so we had to lick his backside?

  • Paul Mphap - 2012-10-31 08:23

    apartheid is eating you nhe? credit must be given where it is due..Mandela is a man with integrity & hence he must be honoured for what he did for his country.

      David - 2012-10-31 08:40

      Sure Paul, and the legacy he has left behind is fantastic. Tell that tgo all the rapes, murdered, homeless and jobless South Africans. They must be SO PROUDLY SOUTH AFRICAN

      Paul Mphap - 2012-10-31 09:00

      only narrow minded minority like david say negatives about him...!start thinking out of the box dude...Madiba is not zoomer who marries every weekend.

      David - 2012-10-31 09:46

      Hahahaha...okay Paul :)

  • TshilidziPhuravhathu - 2012-10-31 08:27

    Phew Im so glad its not Zipper on the notes...

  • Michael - 2012-10-31 08:30

    Who is 'Randela' who is the news editor here at news24?

      DarrenCooper68 - 2012-10-31 10:28

      A play on the 2 words Rand and Mandela even

  • nkuli.gcanga - 2012-10-31 08:36

    Somebody shoot me dead!! I really hate that man. Im sorry black people.

      henchman.monco - 2012-10-31 09:00

      I also hate you sucker

      nketso.kgwadi - 2012-10-31 09:19

      Y do u hate him?

  • jannie.kotze.7 - 2012-10-31 08:43

    The big five must now move to the back to make space for one small. Hope it will be a limited edition only

  • 2zbunu - 2012-10-31 08:47

    I am very happy that RSA at last have legal notes that bears the face of our 1st black democratically elected President. We have seen number of countries with their legal tender notes and their negotiable instruments bearing the face of their old valued president. Why people now if is Mandela they start making noise we know some of the old RSA money also have these Presidents of those days nobody made noise that time or ist becoz now people just blowing vuvuzela politics. Some of us talking about cost of changing these notes not even knowing that how much is the cost for that and how is it going to help boost the economy of the country?

  • jannie.kotze.7 - 2012-10-31 08:49

    Now the big five must move to the back for one small s***. Hope it is a limited edition only.

  • nkuli.gcanga - 2012-10-31 08:52

    All i want is an apology from this man before he dies. He really needs to apologise to the black people of South Africa for what he did!

      luthando.ncoyini - 2012-10-31 13:41

      what did he do?

  • Truth.nnete - 2012-10-31 08:57

    No lets not put Mandela lets put PW Botha or Verwoerd will that make you people to feel better?

      henchman.monco - 2012-10-31 09:02

      Lol or eugene terreblanche

      tshepo.ally - 2012-10-31 09:12

      yea. perhaps there will be positive comments.

      DarrenCooper68 - 2012-10-31 10:35

      While I support the move, your comment is blurred by inherent racisim, there are many black and whit epeople complaining

      David - 2012-10-31 11:07

      No you chop...its nothing to do with black v white or old regime v new regime...amm we are asking is that just ONE thing in SA NOT be political :) Rather celebrate things we cherish every day and are here to stay.

  • tony.kirby1 - 2012-10-31 09:06

    Road show in Moz, Botswana etc, here in Cape Town were I stay I have seen one small poster stuck up at the taxi rank. Now road show for us. How long before the first forged note appears.

      bernard.linde - 2012-10-31 18:06

      Glad someone mentions this. I certainly don't live under a rock regarding current affairs, but today's article on News24 was the first I heard of it as well. Definitely did not see any "advertising" in Stellenbosch.

  • henchman.monco - 2012-10-31 09:14

    Oh yes this is great I'm lovin it! Long live mandela long live!

  • singoporshy.laposh - 2012-10-31 09:20

    I am very much happy to see the note with the face of our great icon in it,He deserve it,He really derserve it,i really appreciated,lets celebrate the coming up of this note Mzansi people

      nicolaas.geldenhuys - 2012-11-01 10:26

      Let's celebrate by going back to school and learn how to construct sentences.

  • khaedu - 2012-10-31 09:20

    They should put me too

  • malcolm.james.macleod - 2012-10-31 10:13

    Animals are better, keep the politicians off of currency, street names etc. etc.

  • eyesears.handsfeet - 2012-10-31 10:29

    How is this beneficial to the people of SA? Just more waste of money.

  • cegerton2 - 2012-10-31 10:55

    Such pretty colours. Now we really look third world...

      aao.bar - 2012-10-31 11:49

      I mean, really!!! What has bright colours got to do with being 3rd world? Have you seen the Swiss currency? Sheesh, such melodrama! You need to get out more.

      themba.thwala.98 - 2012-10-31 22:06

      Newsflash: we have always been Third World.

      Johannes - 2012-11-01 10:50

      Themba, I am sorry to say, but pre 1990's SA was a considered a first world country. I speak from a strict economic standpoint when I say SA have gone backwards a long, long way..

      themba.thwala.98 - 2012-11-01 13:24

      Johannes First World countries are “developed” countries. SA`s economy was “developing” during the 90s. So whoever “considered” SA a developed country during the 90s was either too generous, or was merely wishfully thinking

  • thifulufhelwi.masala - 2012-10-31 11:08

    This old man diserve it. I wish zuma can c how embarsment he have become to black population and stepdown before he completly destroyed the good foundation mandela hav laid.

  • vlammie.pilot - 2012-10-31 11:29

    What a waste of money to print new money HAHAHA!! small things amuse small minds hey jacob???

      tony.kirby1 - 2012-10-31 12:53

      Vlammie, small minds like you living in the past.

  • Quadraphonix - 2012-10-31 11:49

    "The Reserve Bank is proud to be able to honour South Africa's struggle icon and first democratically elected president in this way," Sarb governor Gill Marcus said in a statement. Its sad how we only acknowledge one person's efforts and seemingly ignore everyone else's sacrifices. Is this how we treat those who struggled along side madiba?

  • derrickdee.ditshego - 2012-10-31 12:21

    Hope this will not be the norm as I don't wish to have anotes with zuma's face in my life Madiba deserve it but they should have put it on coins only big five are still cute on the front

  • craig.thom.376 - 2012-10-31 14:21

    So it will be the truth when I say" I have Mandela in my pocket"

      eyesears.handsfeet - 2012-10-31 14:40

      LOL! Sharp Craig

  • maven.punk.5 - 2012-10-31 16:17

    Perfect, this is so ironic. Mandela has become a money making machine and now he is ON the money. LOL

  • ab.normal.961 - 2012-10-31 16:19

    The country is going to the dogs and they are concerned about changing our money, while most South Africans can not even afford to own it.

  • darin.graham.7 - 2012-10-31 17:03

    Will make a good souvenir

  • jason.marshall.1804 - 2012-10-31 19:24

    I hope they made a R500 note. R100 notes are worth nothing these days.

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