The evolution of SA currency: a journey through history

FROM presidents to springboks, South Africa’s currency charts a journey through power, pride, and identity.

- STAFF REPORTER

2012: The first year that President Nelson Mandela's image appeared on South African banknotes. | Bassani

(Bassani)

Coins and banknotes may seem like mere currency, but in South Africa, they are vessels of history.

Each design, engraving, and mint mark tells a story, capturing the country's political shifts, cultural pride, and natural heritage. From early colonial issues to modern-day tributes to democracy and biodiversity, the timeline of South African money reflects the nation itself.

(image 1)

The story begins with the Burgerspond, struck under President Thomas Francois Burgers of the Zuid-Afrikaansche Republiek (ZAR). South Africa’s first coinage, these gold coins sparked debate in their day but are now cherished as treasures. Two versions exist — the “fine beard” (fetching over R500000 in top condition) and the rare “coarse beard,” which can command over Rimillion. Both remain reminders that money can be a tool of statehood and a collector's prize.

The ZAR under President Paul Kruger introduced coinage bearing his recognisable image. These gold ponds and silver coins not only served commerce but also became enduring emblems of Afrikaner nationalism. Today, they remain among the most collected South African coins worldwide.

(image 2)