Page 8 - SARB: 100-Year Journey
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CONTENTS
1
2
INTRODUCTION 1
MESSAGE BY HIS EXCELLENCY PRESIDENT CYRIL RAMAPHOSA 2 FOREWORD BY GOVERNOR LESETJA KGANYAGO 5
UNION ERA 9
POLITICAL HISTORY: 1800s TO THE 1910 MOVEMENT 11 UNION OF SOUTH AFRICA 21 SARB: THE EARLY DEBATES 27 SARB: THE EARLY YEARS 33 CENTRAL BANKING AND THE BEGINNING OF THE SARB 41 THE GOLD STANDARD 49 THE HISTORY OF MONEY IN SOUTH AFRICA 59
3 SEISMIC SHIFTS, TURMOIL AND THE REPUBLIC ERA 65
THE EARLY APARTHEID YEARS 67 THE ODD, THE WONDERFUL AND THE QUIRKY 77 THE INTRODUCTION OF THE SOUTH AFRICAN RAND 89
