In commemorating 100 years since the birth of Oliver Tambo, the South African Mint Company, a subsidiary of the South African Reserve Bank (SARB), officially launched the new ZAR5 circulation coins, today 4 October 2017.
The official event attended by key stakeholders including Kgalema Motlanthe, Former South African Deputy President, Zanele Mbeki, Former First Lady, Lesetja Kganyago, South African Reserve Bank Governor, Dr Nkosindiphile Xhakaza, Acting Executive Mayor for Ekurhuleni Municipality, Frene Ginwala, Dali Tambo and Tselane Tambo, was held at the OR Tambo Cultural Precinct in Ekurhuleni, South Africa.
Speaking at the event, Kganyago says Oliver Reginald Tambo’s life was integrity, trust and accountability personified.
“The power and emotion behind his speeches lay in the clarity of his thoughts, not in the delivery and the fiery of his rhetoric. That is partly why he was able to mobilise the world against apartheid. That is partly why he succeeded in keeping together people of diverse backgrounds united under the ANC umbrella. His integrity shone through, defining all his interactions with everyone, young and old, senior and rank and file members,” says Kganyago.
According to Kganyago, the dictionary describes integrity as the quality of being honest and having strong moral principles. It lists honourableness, decency, fairness, sincerity, truthfulness and trustworthiness as some of the synonyms of integrity. Tambo’s conduct was one of integrity and accountability.
“Integrity, trust and accountability also matter a great deal for the South African Reserve Bank (SARB) and indeed, other central banks elsewhere in the world.”
“The SARB exists to serve the economic well being of South Africans by protecting the buying power of the domestic currency, the banknotes and coin,” he says.
The new ZAR5 coins forms part of a series of collectible coins under the theme, Freedom, Democracy and Culture.
The new coin bears the Order of the Companions of OR Tambo, which was instituted in 2002 to honour international heads of state and eminent people for their friendship to South Africa.
The elements of the Order feature prominently on the new ZAR5 circulation coin.
The new ZAR5 coin, worth its face value, entered into circulation on 1 October 2017.
The collectable coins will be available from the South African Mint and authorised dealers from 27 October 2017, the official OR Tambo’s 100th anniversary.
The SARB is encouraging the public not to hold on to the circulation coins when they receive them as change.
“Commemorative coins are made to be appreciated by everyone. The coins continue South African Mint’s tradition of immortalising the country’s stalwarts. The times in the life of OR Tambo depicted by the coins are epochal events in the history of South Africa.”
“The confidence that South Africans have in banknotes and coin is based on trust that the banknotes and coin are authentic, and trust in the institution that issues them,” concludes Kganyago.