The currency, which takes its name from the Witwatersrand ('ridge of white waters' in Afrikaans), the region where Johannesburg and South Africa's main gold deposits are located, replaced the South African Pound. ZAR is the currency code for South African Rand, which is the official currency of South Africa. The symbol for South African Rand is R. The currency, which takes its name from the Witwatersrand ('ridge of white waters' in Afrikaans), the region where Johannesburg and South Africa's main gold deposits are located, replaced the South African Pound. South Africa currency South Africa's currency is the South African rand (ZAR), which is issued by the South African Reserve Bank. The South African rand is denoted by the letter R. It is subdivided into 100 cents. The name comes from the Afrikaans phrase "Witwatersrand," which means "white water ridge." The ridge is where the majority of South Africa's gold reserves were discovered, as well as the city of Johannesburg. In 1956, a commission advocated abandoning the British Pound and related ...
