Vrotappel
Bulls fan
3.
-
Join the MyBroadband community
South Africa’s biggest forum. Discuss, discover, and connect with thousands of members.
-
Question of the Day: How frequently are you watching FIFA World Cup 2026 matches?
New Mandela Banknotes
- Thread starter Freshy-ZN
- Start date
copacetic
King of the Hippies
I could not care less.
I'd prefer if our eagerly anticipated announcements of national importance had to do with more pressing issues though...
I'd prefer if our eagerly anticipated announcements of national importance had to do with more pressing issues though...
DigitalSoldier
Honorary Master
Free advertising for the ANC. Just to remind them that Mandela was part of this ANC.
Elimentals
Honorary Master
3 because it opens the path for the rest to follow, and our money to become a political tool.
F
Fudzy
Guest
Yeah like all other political figures that have appeared on currency through the world.
F
Fudzy
Guest
Pr⊕phet;7718963 said:
Agreed though notes have to periodically be changed in order to thwart counterfeits and tax dodgers.
mass09
Expert Member
Voted 1.
F
Fudzy
Guest
Which one?
daveza
Honorary Master
The Nelson Mandela ocean !
F
Fudzy
Guest
Google asks if I meant Nelson Mandela Bay?
daveza
Honorary Master
It's a very small ocean.
Madiba to appear on new notes (from Buanews)
Former President Nelson Mandela will become the first person to appear on the country's banknotes since the dawn of democracy, President Jacob Zuma has announced.
"On behalf of Government and the people of South Africa, it is my honour and pleasure to announce that the new South African bank notes will bear the image of President Mandela, the President of a free, democratic South Africa," Zuma said.
The announcement - which falls on the day that Mandela was released from prison in 1990 - was made at the Reserve Bank offices in Pretoria on Saturday.
Zuma described Mandela as an "outstanding leader and patriot" that represented a group of exceptional men and women who demonstrated their love for South Africa in a time of repression.
The security features of bank notes are upgraded every seven to 10 years to assist in preventing counterfeiting. South Africa's current note series was upgraded in 2005.
The new note series will have the same R10; R20; R50; R100 and R200 denominations, and sizes with the engraving of the former President's face appearing on the different coloured currency. The reverse sides of the notes will carry an image of one of the country's big five.
While the change will not extend to the country's coin series, it will involve countries on the continent that use South African currency. The bank has no plans of producing a R500 note.
Reserve Bank Governor Gill Marcus hopes to have the new currency in circulation before the end of the year.
"We will advise South Africans of the changes when the notes come into circulation," she said. A public outreach programme will be held to inform people of the changes.
After the introduction of the new notes, the current bank notes will still be deemed legal tender until they are phased out.
Marcus said the decision to change the country's bank note series was taken following consultation with various stakeholders, including the President and Finance Minister Pravin Gordhan.
The former President was consulted in person and he "was delighted" about the news, said Marcus.
Winnie Mandela, Graca Machel as well as the rest of the Mandela family were also consulted. Other stakeholders included the Department of Arts and Culture and the National Council for the blind, among others.
The redesign of the notes is accompanied by the recapitalisation of the South African Note Company (SABN) which is being modernised with state-of-the-art printing equipment and the up-skilling of staff.
"We have confidence in the capacity [of the SABN] although there were challenges," said the Governor, adding that the cost of the design has been incorporated into the upgrade of the note company which is a wholly-owned subsidiary of the Reserve Bank and is responsible for printing the currency of the country.
The cost of designing the bank notes is R2.5 million.
Gordhan said the introduction of the note, which the Bank is now in the process of producing - is the beginning of a generation-wide remembrance of Mandela.
The first new R50 note was handed over to the President.
Former President Nelson Mandela will become the first person to appear on the country's banknotes since the dawn of democracy, President Jacob Zuma has announced.
"On behalf of Government and the people of South Africa, it is my honour and pleasure to announce that the new South African bank notes will bear the image of President Mandela, the President of a free, democratic South Africa," Zuma said.
The announcement - which falls on the day that Mandela was released from prison in 1990 - was made at the Reserve Bank offices in Pretoria on Saturday.
Zuma described Mandela as an "outstanding leader and patriot" that represented a group of exceptional men and women who demonstrated their love for South Africa in a time of repression.
The security features of bank notes are upgraded every seven to 10 years to assist in preventing counterfeiting. South Africa's current note series was upgraded in 2005.
The new note series will have the same R10; R20; R50; R100 and R200 denominations, and sizes with the engraving of the former President's face appearing on the different coloured currency. The reverse sides of the notes will carry an image of one of the country's big five.
While the change will not extend to the country's coin series, it will involve countries on the continent that use South African currency. The bank has no plans of producing a R500 note.
Reserve Bank Governor Gill Marcus hopes to have the new currency in circulation before the end of the year.
"We will advise South Africans of the changes when the notes come into circulation," she said. A public outreach programme will be held to inform people of the changes.
After the introduction of the new notes, the current bank notes will still be deemed legal tender until they are phased out.
Marcus said the decision to change the country's bank note series was taken following consultation with various stakeholders, including the President and Finance Minister Pravin Gordhan.
The former President was consulted in person and he "was delighted" about the news, said Marcus.
Winnie Mandela, Graca Machel as well as the rest of the Mandela family were also consulted. Other stakeholders included the Department of Arts and Culture and the National Council for the blind, among others.
The redesign of the notes is accompanied by the recapitalisation of the South African Note Company (SABN) which is being modernised with state-of-the-art printing equipment and the up-skilling of staff.
"We have confidence in the capacity [of the SABN] although there were challenges," said the Governor, adding that the cost of the design has been incorporated into the upgrade of the note company which is a wholly-owned subsidiary of the Reserve Bank and is responsible for printing the currency of the country.
The cost of designing the bank notes is R2.5 million.
Gordhan said the introduction of the note, which the Bank is now in the process of producing - is the beginning of a generation-wide remembrance of Mandela.
The first new R50 note was handed over to the President.
Last edited:
3 for me.
As was siad before, no problem with mandela himself, but it opens the door for others. Its fine cos everyone likes mandela but what heppens when they wanna use melema, or castro, or gadaffi?
Edit : also, if we were a rich country with no pressing problems like aids, unempLoyment, corruption etc, then maybe. But we have too many other places where this moneyy could be spent. More teachers, more cops, more houses, the list is endless
As was siad before, no problem with mandela himself, but it opens the door for others. Its fine cos everyone likes mandela but what heppens when they wanna use melema, or castro, or gadaffi?
Edit : also, if we were a rich country with no pressing problems like aids, unempLoyment, corruption etc, then maybe. But we have too many other places where this moneyy could be spent. More teachers, more cops, more houses, the list is endless
Last edited:
DreamKing
Honorary Master
but can be NO politician? ok?
why not change "Republic of South Africa" to "Republic of Mandela" ? cool enough? huh?
F
Fudzy
Guest
No one has yet been more recognised as a turning point for our county than Mandela.
Regarding the money spent, you have fraudulent companies dealing in cash costing this country billions, a change in notes is a good way of catching tax dodgers. Why do you think the R200 was changed?
DreamKing
Honorary Master
what "turning point"? you mean "down turn", right?
really a very new concept I never heard...
can you tell me more about how it can catch "tax dodgers"?
Yes. We do owe the old man a great debt and have a lot to learn from him. It could have ended badly if not for his approach, but have we not recognised this already in many many ways. The currency change just seems so un necessary.
The money could have been to bolster SARS to catch more of the tax dodgers u speak of.
I still ask what will happen when someone who is not as respected as mandela ends up of a note? Will we all be as accepting then?
Ok, so how many terrorist can we get on our bank notes.
this whole town, street, currency renaming exercise is a load of BS because it only applies to the current fscked up government with all it corruption, nepotism & incompetence! They should leave politicians out of this but from previous evidence every comrade gets a street.
this whole town, street, currency renaming exercise is a load of BS because it only applies to the current fscked up government with all it corruption, nepotism & incompetence! They should leave politicians out of this but from previous evidence every comrade gets a street.