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What you could buy for R1 in 1961 versus now
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No matter how much we want to deny it, money does make the world go round and, unfortunately, we just can t escape inflation!
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It was on the 14th of February 1961 when the official currency of South Africa was introduced.
After SA gained its independence and became a republic, as Queen Elizabeth ceased to be the head of state, the British-styled currency (pounds, pence, etc.) left along with her.
The old currency was replaced with the new and the original exchange rate stood at two rand for every one pound. ....

South Africa , South African , Queen Elizabeth , Department Of Statistics South Africa , Statistics South Africa , One Rand , Keri Miller , Mo Ney , Sky Tshabalala , Darren Maule , South African Statistics , ராணி எலிசபெத் , ஒன்று ரேண்ட் , கெரி மில்லர் , டேரன் மால் ,