…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
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