|1 Ounce =||12838.74 ZAR||1 ZAR=||8.0E-5 Ounce|
|2 Ounce =||25677.47 ZAR||2 ZAR=||0.00016 Ounce|
|5 Ounce =||64193.68 ZAR||5 ZAR=||0.00039 Ounce|
|10 Ounce =||128387.35 ZAR||10 ZAR=||0.00078 Ounce|
|20 Ounce =||256774.7 ZAR||20 ZAR=||0.00156 Ounce|
|25 Ounce =||320968.38 ZAR||25 ZAR=||0.00195 Ounce|
|50 Ounce =||641936.75 ZAR||50 ZAR=||0.00389 Ounce|
|100 Ounce =||1283873.5 ZAR||100 ZAR=||0.00779 Ounce|
|1000 Ounce =||12838735 ZAR||1000 ZAR=||0.07789 Ounce|
South Africa was once the world's largest gold producer, however, it has dropped to sixth place in recent years because of its mines age. Even so, the gold mining is still an important pillar of South Africa's economy.
The South African Futures Exchange (SAFEX) is composed of a financial markets division (equity derivatives) and an Agricultural Markets Division (abbreviated AMD, agricultural derivatives). In September 1988, the South African Futures Exchange (SAFEX) and the SAFEX Clearing Company were established. In 2001, the SAFEX agreed to be acquired by JSE, but retain the SAFEX branding and creates two divisions - SAFEX Financial Derivatives and SAFEX Agricultural Derivatives.
The JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is a sole full-service, largest stock exchange in African. It is located in Sandton, Johannesburg, South Africa. In 1887, the JSE was established as a stock exchange. In 1979 Krugerrands are officially listed. In 2001, the JSE acquired SAFEX, and became the leader in both equities and agricultural derivatives trading in the South African market. In April 2007, the JSE TradElect system (electronic trading) replaced the JSE SETS system. The JSE is planning to create a pan-African exchange by initially enabling investors to trade in shares from Zimbabwe, Ghana, Zambia and Namibia. Later, it intends to expand this across the rest of Africa.
Trading hours: 8:30 a.m. - 5:00 p.m. (South African Standard Time)
The Krugerrand is a South African gold coin. It was first minted in 1967 and produced by the South African Mint. Now, it is a popular coins among collectors. There are four Specifications for Krugerrands, 1 ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce of pure gold. The specification represents the weight of gold, for example, 1 ounce Krugerrands including 31.103 grams gold, and the total weight is 33.930 grams. The fineness of Krugerrands is 22 Karat.