By Motlagae Konyana
The South African Mint has released five million five rand coins in honor of former ANC president Oliver Tambo. OR Tambo would have celebrated hundred years on the 27th October 2017. South African Mint Managing Director Tumi Tshehlo says the five rand coin bear the Order Of the Companions of OR Tambo. The government instituted the honor in 2002 to award heads of state and eminent people for their contribution and friendship to South Africa. The SARB encourages the public not to hold on to the circulation coins, when they receive them as change, as commemorative coins are made to be appreciated by everyone. Tshehlo also says that OR Tambo is indeed the father of our constitution and as the coins circulate – his legacy also gets circulated.
For those who want to keep the coins, they will be able to buy collectable coins. The coins range from fifty rand in value. Tshehlo says the public should try and get their hands on these coins.
The new R5 coin, worth its face value, entered into circulation on 01 October 2017 and the other collectable coins will be available from the South African Mint and authorised dealers from 27 October 2017, OR Tambo’s 100th anniversary.
The coins are available at the SA Mint shop in centurion or online.
South African Mint Managing Director Tumi Tshehlo speaks to Kaya 959 News.