OR Tambo GETS UNIQUE R50 COIN
The new commemorative coin series celebrating former ANC president and anti-apartheid stalwart Oliver Reginald Tambo will include South Africa’s first ever “legal tender” commemorative coin, worth R50.
It can’t be used in shops and it cannot be deposited in banks, but it is legal tender in that the SA Mint will always redeem it for exactly R50, the SA Reserve Bank (Sarb) said in a statement.
A total of 50 000 of these coins will be minted.
They will be made of the same base metals South Africa’s normal small change is made of: copper, aluminium and nickel. They will accompany a more traditional series of gold and silver commemorative coins.
A total of 100 one-ounce gold coins denominated as “R500” will bear a stylised image of Tambo in exile.
Another 10 000 silver coins, weighing one ounce each, and denominated as “R50”, will show him as a young man.
In addition to the collectable coins, the SA Mint is releasing new R5 coins that will enter circulation and bear the “elements of the Order of the Companions of OR Tambo”, including a walking stick, majola (mole snake) and a Yin and Yang symbol.
The snake and the stick symbolise friendship, support and commitment, according to the Sarb.
The Yin and Yang “suggests a meeting point for diverse spiritual energies”.
There will be 800 000 of these coins minted.
The Order of Tambo was introduced in 2002 and is presented to international heads of state and eminent people who have demonstrated friendship to South Africa.
It has been awarded posthumously to historical figures like Mahatma Gandhi and to more controversial figures like ex-Fifa boss Sepp Blatter and Angola’s former president José Eduardo dos Santos. –
Rensburg Dewald van