Rand
Written by Administrator   
Monday, 29 October 2007

Rand. (1) The basic monetary unit of the Republic of South Africa; the rand is divided into 100 cents. (2) Rand, the Afrikaans word meaning ridge of white waters. In the Repub­lic of South Africa, "The Rand" is used as an abbreviation for the Wit-watersrand, a series of east-west mountain ranges running across the Province of Transvaal, which is the greatest gold-producing area in the world.