South African Mint Explained

South African Mint
Area Served:South Africa
Key People:Honey Mamabolo[1] (Managing Director)
Industry:Coin production
Products:Coins
Owner:South African Reserve Bank
Foundation:1890 (First national mint)
1923 (as a branch of the Royal Mint)
1941 (as an independent mint)
Location City:Centurion, Gauteng
Location Country:South Africa

The South African Mint is responsible for minting all coins of the South African rand on behalf of its owner, the South African Reserve Bank. Located in Centurion, Gauteng near South Africa's administrative capital Pretoria, the mint manufactures coins and planchets for both domestic and international markets.[2]

History

Following the discovery of gold in the South African Republic (causing the 1886 Witwatersrand Gold Rush), the country's President Paul Kruger decided to establish a national mint. This was established in 1890 and opened on 6 July 1892 in Pretoria. After the end of the Second Boer War in 1902, the country was annexed into the British Empire and became the Transvaal Colony, leading to the closure of the mint after the pound sterling became the legal tender of the new colony. Under the Mint Act of 1919, the British established a branch of the Royal Mint on 1 January 1923, which produced £83,114,575 worth of sovereigns during its lifetime. As South Africa began cutting ties with Britain, the mint closed on 30 June 1941 only to be later reopened as the South African Mint.[3] [4]

Products

Most of the production is of circulation coins and commemorative coins. Among them are:

See also

External links

Notes and References

  1. Web site: Managing Director, Honey Mamabolo interview with Gugulethu Mfuphi about the Big 5 Series II Lion . 2024-04-01 . The South African Mint Company . en-US.
  2. Web site: About us. South African Mint. 26 September 2017.
  3. Web site: The History of the South African Mint. 2 December 2014. southcapecoins.co.za. https://web.archive.org/web/20191215182755/http://www.southcapecoins.co.za/news/the-history-of-the-south-african-mint/. 15 December 2019. 22 July 2017. dead.
  4. Web site: A History of the South African Mint. providentmetals.com. 26 September 2017.
  5. http://www.samint.co.za/index.php?option=com_content&view=article&id=50&Itemid=25 www.samint.co.za