South African Reserve Bank Act, 1989 (Act No. 90 of 1989)

Notices

The Dimension of, Design for, and Compilation of the Year 2023, Fourth Decimal Coin Series of South Africa

General Notice 1463 of 2022
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General Notice 1463

25 November 2022

GG 47571

 

Ministry of Finance

 

By virtue of the powers vested in me by section 19(1)(a)of the South African Reserve Bank Act (Act No. 90 of 1989), I hereby declare—

 

(a)that the fourth decimal coin series as set out in Section (b) of the Schedule 2 of the said Act, which will be manufactured, and will be issued by virtue of section 16(1) of the said Act, will be legal tender as from 1 January 2023; and

 

(b)that the design of the said coins will be the designs as shown and which are attached to this notice; and

 

(c)that the specifications of the said coin are as follows:

 

DENOMINATION1

METAL CONTENT

DIAMETER 2

MASS3

R5

Bi-metal alloy

26.00 mm

9.5g

R2

Nickel plated steel

23.00 mm

6.5g

R1

Nickel plated steel

20.00 mm

5.0g

50c

Bronze plated steel

22.00 mm

4.5g

20c

Bronze plated steel

19.00 mm

3.0g

10c

Copper plated steel

16.00 mm

2.0g
1 The demonimations are featured on the coins in an abbreviated format (e.g. 'R1'), written out in full (e.g. 'One Rand') or a combination of a number and rand (e.g. '1 Rand').
2 The diameter is the average diameter of the coin as issued.
3 The standard mass is the minimum mass of the coin as issued.

 

 

Mr E Godongwana

Minister of Finance