'No R10 coin yet. But it’ll be smaller than the R5 when it comes'
…our purpose is to deliver coins reliably to the South African public and the Reserve Bank at the lowest price possible.Tumi Tsehlo, South African Mint
We’re still some distance away from having a R10 coin in South Africa. It certainly comes up for discussion from time to time… We would make sure it’s a much better looking, probably smaller than the R5 coin.Tumi Tsehlo, South African Mint
South African Reserve Bank owned South African Mint – located in Centurion - is responsible for minting all coins of the South African Rand.
Its mandate includes making a profit and has, since 1996, produced coins for 50 countries.
It has minted 60 million Krugerrands, more than all other gold coins together.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
We are expected to make money [profit]…Tumi Tsehlo, South African Mint
Each Krugerrand ever minted was produced by us… More than 60 million units since 1957… More than all the other bullion coins together…Tumi Tsehlo, South African Mint
Our main mandate is to ensure people have coins to transact in the economy… a secondary mandate is to depict South African heritage…Tumi Tsehlo, South African Mint
We’ve made coins for more than 50 countries since 1996.Tumi Tsehlo, South African Mint
There are 50 mints in the world… We compete very hard against one another, but we also collaborate… There are few export mints in the world, we are one of them.Tumi Tsehlo, South African Mint
If you melt our coins you will get far less than the face value…Tumi Tsehlo, South African Mint
We get one order each year [from the SA Reserve Bank]…Tumi Tsehlo, South African Mint
We’ve got roughly about R5 billion of coins in circulation…Tumi Tsehlo, South African Mint
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Meet Alex Thomson of Naked Insurance, a high-tech company with vastly lower operating costs than most traditional insurers.Read More
The Money Show's Bruce Whitfield interviews Pieter du Toit, author of "The Stellenbosch Mafia: Inside the Billionaires' Club".Read More
The Money Show's Bruce Whitfield hosts a debate on NHI between Paul Theron (Vestact) and Russell Rensburg (Wits).Read More
Ever dreamt of just doing it? You may want a few pointers from someone who did. Meet Callan Williamson of Tortilla Modern Mexican.Read More
The Money Show’s Bruce Whitfield interviews Ketso Gordhan, CEO at SA SME Fund.Read More
Bruce Whitfield interviews Chris Burgess, Editor-in-chief at Landbouweekblad, South Africa’s legendary magazine about farming.Read More
The Money Show’s Bruce Whitfield interviews Nicole Westwig, Managing Director at Marcel's.Read More
The Money Show’s Bruce Whitfield interviews Andrew Papadopoulos, Trade Mark Attorney at KISCH IP.Read More
The Rosslyn plant makes 15 BMW X3 SUVs per hour for export around the world. Bruce Whitfield interviews BMW SA's, Tim Abbott.Read More
The Money Show’s Bruce Whitfield interviews Jared Molko, a former employee at Google.Read More
Saving money on boring stuff such as a car can allow you to do really outrageous and courageous stuff, says Sam Beckbessinger.Read More
'Marketing' is not 'sales'. It’s not noise. It's a science, and you must get it right, says Pavlo Phitidis.Read More
The Money Show’s Bruce Whitfield interviews Morbee about his attitude to money (hopes and fears, successes and failures, etc.).Read More
Small business guru Pavlo Phitidis on the basics of building a resilient business. He gives clear guidelines for getting it right.Read More
Bruce Whitfield interviews Phillip Retief, CEO at Van Loveren Vineyards, the origin of the SA's top-selling wine, "Four Cousins".Read More
Bruce Whitfield interviews Darren ‘Whackhead’ Simpson about his attitude to money (hopes and fears, successes and failures, etc.).Read More
The Money Show’s Bruce Whitfield interviews athlete about his attitude to money (hopes and fears, successes and failures, etc.).Read More
About 20% of every rand spent in South Africa goes to informal stores, mostly foreign-run. GG Alcock on his book “KasiNomics".Read More
Bruce Whitfield interviews Williams about her transformative business delivering quality cookies to hotels and Pick n Pay.Read More
The Money Show’s Bruce Whitfield interviews small business guru Pavlo Phitidis, founder of Aurik Business Accelerator.Read More