Banker S.A. December 2012 | Page 42

banking news The South African South African Reserve Bank’s snappy News new Mandela notes Banknote upgrades planned every seven years President Zuma admires our new banknotes. After years of planning and an international awareness campaign, South Africa’s new banknotes were launched in Johannesburg’s Lynwood Housewife Market, a small fruit and vegetable shop in Pretoria, on Tuesday November 6, as South African Reserve Bank (SARB) Governor Gill Marcus made a modest grocery purchase – the first-ever transaction using our new “Mandela money”. Watermelon, almonds, aubergines, beetroots and a cucumber, in case you were wondering. The new banknotes feature an image of former President Nelson Mandela on the front, with images of different “Big Five” animals on the back of the various denominations (R10, R20, R50, R100 and R200). 40 BANKER sa Edition 4 ‘Our currency is a unique symbol of our nationhood, with many of us handling banknotes every day,’ Marcus said. ‘The Reserve Bank is proud to be able to honour South Africa’s strugg