http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.88Change: -0.08
R/$ = 12.73Change: -0.22
Au 1088.55 $/ozChange: -6.94
Pt 987.00 $/ozChange: 2.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Sep 05, 2012

New banknotes to be introduced before year-end

Back
Reserve Bank governor Gill Marcus discusses the new South African banknotes. Camerawork: Nicholas Boyd. Editing: Darlene Creamer. 05/09/2012
 
 
 
Africa|SECURITY|South African Bank Note Company|Africa|South Africa|Gill Marcus|Nelson Mandela
Africa|SECURITY||Africa||
africa-company|security|south-african-bank-note-company|africa|south-africa|gill-marcus|nelson-mandela
© Reuse this



Reserve Bank (SARB) governor Gill Marcus on Wednesday launched a communication campaign to showcase the new series of South African banknotes featuring former President Nelson Mandela.

Marcus said that the R34-million awareness campaign was aimed at informing the public about the unique features of the new banknotes, which would be introduced before the end of the year.

The front of the new banknotes feature the image of Mandela, South Africa’s first democratically elected President, while the reverse side of each note would feature an image of one of the continent's big five animals.

The current and new banknotes would co-circulate and both were legal tender. Marcus could not give an exact date for when the new notes would be available.

She stated that, internationally, it was regarded as best practice for central banks to upgrade the security features of their banknotes every six to eight years to combat counterfeiting, which diminishes the value of real money.

Marcus explained that the new bank notes were equipped with security features, which could be identified using a look, feel and tilt approach. Features included watermarks, micro-printing and unique numbering, while enhanced features such as raised print on both sides would be introduced for the visually impaired.

The notes would be printed by SARB wholly owned subsidiary, the South African Bank Note Company; however, Marcus added that given the quantity of the notes that needed to be printed, the bank would print at a number of places.
 

Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Economy News
Updated 2 hours 41 minutes ago British multinational banking and financial services firm Barclays has partnered with the Bureau for Economic Research (BER) at Stellenbosch University to sponsor the monthly manufacturing economic indicator, the Purchasing Managers’ Index (PMI). The index, now known...
Tito Mboweni
Updated 3 hours ago Former Reserve Bank Governor Tito Mboweni will join the University of the Witwatersrand (Wits) as an honorary Professor in the School of Economic and Business Sciences, from August 1. He was also recently appointed as nonexecutive director of the Brazil, Russia,...
Updated 3 hours ago At least 71% of small and medium-sized enterprises (SMEs) consider load-shedding the biggest external threat to their businesses this year.
More
 
 
Latest News
Updated 2 hours 43 minutes ago British multinational banking and financial services firm Barclays has partnered with the Bureau for Economic Research (BER) at Stellenbosch University to sponsor the monthly manufacturing economic indicator, the Purchasing Managers’ Index (PMI). The index, now known...
Updated 2 hours 48 minutes ago Norwegian shipping liner Wallenius Wilhelmsen Logistics (WWL) has reached a settlement agreement with the Competition Commission for contravening the Competition Act, agreeing to pay an administrative penalty of R95.7-million. This settlement followed the...
Tito Mboweni
Updated 3 hours ago Former Reserve Bank Governor Tito Mboweni will join the University of the Witwatersrand (Wits) as an honorary Professor in the School of Economic and Business Sciences, from August 1. He was also recently appointed as nonexecutive director of the Brazil, Russia,...
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Meyerton-based steel tank manufacturer Structa Technology is currently rolling out a water infrastructure build programme that supports local municipalities, water utilities, schools, hospitals and clinics.
Alternative funding models could be expected to begin coming to the fore in South Africa’s renewable-energy sector as the market becomes more competitive and domestic development finance institutions (DFIs) begin scaling back their direct involvement in projects....
DIMITRI MARKOULIDES An innovation champion must involve employees in innovation projects and keep them updated to enable them to support and drive innovation and create the future of the business
An innovation champion course that trains executives to manage innovation in their organisations aims to help companies grow revenue streams and tap new markets, says business change management consultancy BMGI South Africa innovation practice lead Dimitri...
Future digital workplaces will require employees to continuously learn new “literacies”, including new media, information and technical skills, to help their company thrive and spur personal growth. Information technology (IT) research firm Gartner, thus, suggests...
Only 25% of large construction projects surveyed in KPMG’s Global Construction Project Owner’s Survey, released in June, were concluded on time and within budget over the last three years. “Every project owner wants predictability when it comes to large projects, and...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96