What is Rand?
The South African rand, or simply the rand, is the official currency of the Southern African Common Monetary Area: South Africa, Namibia, Lesotho and Eswatini. It is subdivided into 100 cents.
Why Is South African Currency Called the ZAR?
ZAR is simply an abbreviation of the Dutch Zuid-Afrikaanse Rand (ZAR), which takes its name from Witwatersrand (the location of a majority of South Africa’s gold deposits).
What is full rand value?
rand value means the total estimated value of a contract in Rand denomination that is calculated at the time of bid invitations and includes all applicable taxes and excise duties.
How do you read rand currency?
100 cents make up one rand. The rand is named after an area near Johannesburg called the Rand, which is famous for its gold mines. The symbol for the rand is a capital R, written before the sum. Thus, one hundred rands is written as R100.
Is South Africa Expensive?
South Africa is less expensive than you think
Travelers often assume South Africa is expensive because flights come at a hefty price. But, once you arrive, it tends to be very affordable, due to the weakness of the South African Rand.