South African Reserve Bank to launch Nelson Mandela Centenary currency

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The South African Reserve Bank (SARB) will be launching its first commemorative banknote series, in celebration of the first democratically elected president Nelson Mandela’s birth centenary. 

These notes will cover all denominations – ZAR10, ZAR20, ZAR50, ZAR100 and ZAR200. As part of the celebrations, the South African Mint, a subsidiary of the SARB, will also be issuing a new commemorative circulation ZAR5 coin.

As part of the preparations for the launch, test packs of the commemorative banknotes were made available to members of the broader cash industry to allow them to make adequate preparations in relation to issues such as adaptions of cash processing and cash dispensing machines, ticketing machines and so forth.

While these test packs were governed by strict confidentiality provisions, it has come to the SARB’s attention that certain breaches have occurred, and as a result some of the designs have been circulating on social media. In order to avoid confusion and unnecessary speculation, the SARB has decided to release all the designs ahead of the official launch scheduled for 13 July 2018. The designs of these banknotes and coin are shown below.  More detailed information about the commemorative features of the notes and additional security features will be made available at the time of the official launch.

It is envisaged that these notes will be issued into circulation by 18 July 2018. These commemorative banknotes and ZAR5 coin will co-circulate for a limited time, together with the current Mandela banknote series and the existing ZAR5 coin, and both sets will remain legal tender.

Images of the commemorative banknotes and coin:

Mandela Commemorative R5 coin

Mandela Commemorative banknotes

 

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Thabo Mphahlele is the BizNis Africa Head of Sales and Marketing. Mphahlele was previously MultiChoice Production Support Analyst responsible for developing and monitoring applications. In addition, Mphahlele develops and automates batch scripts and is responsible for the daily infrastructure maintenance at MultiChoice. As a Production Support Analyst, he is responsible for incident analysis solving , developing and constructing business reports for SQL and Oracle and implement change controls for the business. Additional responsibility includes monitoring system performance via SOA, Kibaba (Elasticsearch), H.P BSM, HP Sitescope. Mphahlele is responsible for creating infrastructure performance reports through HP Ops Analytics, monitoring payments via Splunk and in-house built-in tool and disaster recovery simulation and testing. At Nashua Mobile, he was responsible for application development and enhancing the web sites At South West Gauteng College, he was the IT Technician and Network Administrator. During his tenure at Double Digit Media, he was he focused on application and web site development for new and existing clients Mphahlele contributes as a Content Manager for BizNis Africa.

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