what is the currency symbol for rand
South African Rand. The South African Rand is the currency of South Africa, and is issued by the South African Reserve Bank. The currency takes its name from the Witwatersrand (White-waters-ridge), the ridge where most of South Africa's gold deposits were found and where Johannesburg was built. The Rand has the symbol R and is subdivided into 100 cents. Coins are issued in 5c, 10c, 20c, 50c, R 1, R 2, and R 5 denominations. Banknotes include R 10, R 20, R 50, R 100, R 200 denominations. The South African Rand is also legal tender in Swaziland and Lesotho, and is accepted in Namibia.