News24

DA welcomes Mandela banknotes

2012-02-11 22:25

Johannesburg - The DA has welcomed the announcement by President Jacob Zuma on Saturday that a series of South African banknotes will bear the image of former President Nelson Mandela.

"It is an appropriate commemoration of...Mandela's contribution to the birth of democracy in South Africa, as well as his considerable positive impact on national reconciliation," Democratic Alliance MP Tim Harris said in a statement.

However, Harris said it was regrettable that such a happy announcement was made in a manner that increased uncertainty in financial and currency markets.

Earlier on Saturday, German international news agency DPA reported lack of details about the nature of the announcement which briefly spooked markets. The rand tumbled about 2.5 per cent versus the dollar.

"Traders worried that the central bank of Africa's largest economy was about to make a drastic policy or personnel change while markets were closed," DPA said.

Following reassuring remarks from bank officials, who indicated that the news would not be about interest rates or resignations, the rand made a quick rebound. Harris said the press conference was announced on a trading day but scheduled for a day the market was closed which fuelled speculative rumours.

While Reserve Bank Governor Gill Marcus apologised for the confusion, Harris said in future, the Reserve Bank, the National Treasury and the Presidency needed to be more "sensitive " to the impact when scheduling announcements such as these.

Comments
  • John - 2012-02-11 22:44

    "....Positive impact on National Reconciliation....." Sure. I see the South African fairy tale (father to son) "Take Madiba with you for school my son, I have only change"

      renaldogouws - 2012-02-12 00:31

      My take on this... http://www.youtube.com/watch?v=TcrzyeAuviQ

      Boer - 2012-02-12 10:16

      Your currency has already dropped in value with this decleration. Good luck South- Africa. Ceck the world markets you'll see what I mean. Totsiens hoe lekker lag ons nou. Vriendelike groet vanaf Arizona.MMMMMM.

      Geronimo - 2012-02-12 11:34

      @Alicia - for the life of me I have been sitting here trying to think why or how Jan Van Riebeeck could be deemed a "real criminal". I haven't been able to find an answer yet, perhaps you could enlighten us?

      kitneyi - 2012-02-12 11:49

      @Alicia if it wasn't for van Riebeeck you probably wouldn't be in SA?

      Irene - 2012-02-12 12:07

      Kitneyi ~ If Mandela has renounced violence he wouldn't have spent so many years in jail. But then he probably wouldn't be a hero.

      Jacqui - 2012-02-12 12:30

      Alicia, it's been a while since I have been to school but according to me Jan Van Riebeeck planted vegetables amongst other things. Please enlighten us, you are so educated.

      Jason - 2012-02-12 12:50

      @Boer, dont call yourself a Boer............traitor! some of us believe in this country and although we are not happy with the government and the crime, we stay because we care. As for your stupid comments, the Rand dropped 2.5% to the Dollar when the Reserve Bank announced that it was going to make an important statement at a press conference. The market panicked a little thinking they might increase interest rates. When they announced Madibas face on the new notes the market quickly rebounded and the Rand strengthened. Please do some homework before making stupid comments.

      Garth - 2012-02-12 12:53

      @boer - hou jou vuil bek, hensopper. @alicia - so school was wasted on you then?

      John - 2012-02-13 03:15

      @Jay "....When they announced Madibas face on the new notes the market quickly rebounded and the Rand strengthened...." Another financial Mario Bros. Please tell me, did you read this in AutoTrader or in brochures of the local Carpet cleaning company? Dude...you failed

  • Max - 2012-02-11 23:05

    I don't think this is such a good idea, the whole Mandela family is rotten to the core accept for the man himself. People might just get the wrong impression of South Africa.

      Johan - 2012-02-12 07:47

      They are not putting his family on the banknote.

      Hugh - 2012-02-12 08:36

      Zuma and the bank are up to something by still trading on the mandela name. The annoucements deliberate seperation from the state of the nation address is quite suspsicious and more than stupid as it caused financial insecurity. It is impossible to do your costing correctly when you have such Forex fluctuations.

      Jacqui - 2012-02-12 12:33

      I have a beautiful autographed photo of Nelson Mandela, his smile is worth a lot. He cannot be held responsible for the rotten members of his family. I wish he could have led this country a bit longer.

      Pepsy - 2012-02-12 12:36

      Hello. Nelson Rolihlahla Mandela's face will be on SA bank notes, not the whole Mandela.

      Leon - 2012-02-12 17:15

      Do not forget the Church Street bombing and the families who lost loved ones there.

      Merven - 2012-02-13 13:47

      @Leon, that is just one of many bombings.

  • Pat Aldrich - 2012-02-11 23:06

    Will I now be able to buy more for 100 seeing that the Rino is on its way out. Mandela is more worth then a Rino?

      moziz - 2012-02-11 23:52

      Trying so hard to show some brain hey Pat

      Mike_or_Mpho - 2012-02-12 02:18

      what's Rino? I have to agree with the other comments, you are trying too hard

      Jacqui - 2012-02-12 12:34

      Maybe they hope people will start saving the bank notes, you know like stamps.

      Jacqui - 2012-02-12 12:35

      Moziz, his brain works, what is your excuse?.

  • Trevor - 2012-02-11 23:20

    So .... the R10.00 will be toe nails...the R20.00 will be finger nails....the R100.00 will be eyes.... and the R200.00 will be????? what is wrong with our AFRICAN ANIMALS ON OUR NOTES????

      John - 2012-02-11 23:35

      Nothing wrong, just hyperinflation.

      Pierre - 2012-02-12 07:41

      @ Irene - People get quite upset when I refer to SA’s apartheids past, cause apparently everybody was so liberal. Strange that none of these "liberals" speak out against your posts.

      Jacqui - 2012-02-12 12:39

      Pierre, Don't let it worry you. It is called selective hypocrisy. Believe me during the struggle I met many South African whites and they were all against apartheid. I still can't understand why it lasted so long then.

      renaldogouws - 2012-02-12 17:22

      Nice one Farta. Next time post under a real name and also make sure that the person who started the blog post facts instead of fiction. Maybe using real names and standing behind what you say would help... instead of posting as an anonymous person :-) KTHXBYE!

  • frank.hartry - 2012-02-11 23:33

    Lets be honest it is a political decision. The DA can kiss goodbye their hopes of ever coming to power. Mandela is not the Queen who is apolitical. Mandela vigorously supports the ANC of which he was the president. He is not yet an icon in the historical sense like George Washington. In 200 years time it would have been appropriate to put his face on bank notes. Once it starts it never stops and in a few years Jacob Zuma's face will be on bank notes. Even corrupt ANC faces will surely be on the South African bank notes. Very unusial and a very very clever move by the ANC. As usual the DA speaks before speaking.

      frank.hartry - 2012-02-11 23:46

      I shouls say the DA speaks before thinking and will agree and support anything that it believes will give them more black votes. The fact is that with Mandela, the ANC icon on every single bank note very few of the majority race in South Africa will vote against the ANC. The face of Mandela has really enhanced the ANC politically and the opposition parties may as well pack it in. The DA is so dim that in five years time it will be saying yes to the face of Jacob Zuma on bank notes. Why not? Zuma is also a president and was part of the struggle.

      Hugh - 2012-02-12 08:37

      right on Frank

  • Rofhiwa Nelukalo Waboboni - 2012-02-11 23:47

    who cares abt the rhino n lion ,elephent we want mandiba

      barry.mcbride - 2012-02-12 00:05

      yeah, spoken like a true poacher i guess!

      Mike_or_Mpho - 2012-02-12 02:20

      who's mandiba?

      Trevor - 2012-02-12 10:58

      Better if they use E.T's face

      Jacqui - 2012-02-12 12:43

      Geez,you are not with it are you?. Learn to spell. Give me the Rhino and the Elephant when I have to choose between them and the likes of you.

  • aardvarkie - 2012-02-12 00:03

    It's all worthless promissory notes by the reserve bank and illegally designed through debt and interest anyway, so who cares.

  • Lumko Ntshinka - 2012-02-12 00:10

    Lol i bet the DA would love to contest this if it wudnt be a political suicide.

      Pierre - 2012-02-12 06:55

      Ha-ha yes, I must admit I was surprised, pleasantly though. This is a first from the DA; that is now a first positive statement on a government’s decision, member or former member of the government. Maybe the DA has realised that the disgruntled ex-Nat vote, that want to believe the new SA is in ruins, can only take them that far and at some point the DA will have to become reasonable and acknowledge positives in South Africa.

      Jacqui - 2012-02-12 12:44

      What do you mean with political suicide?. Pray, enlighten us oh wise one.

  • lhfick - 2012-02-12 00:31

    Is a Kruger gold coin worth less than a Mandela gold coin of the same weight? The time has come for the role players in our politics to stop playing games and to start working and getting things right. We are at a point where ten Rand can only buy one bread and not even one liter of petrol.

  • star.night23 - 2012-02-12 00:34

    It's a damning indictment on the kind of fragile society that we live in that we all naturally assume the very worst kind of news. FYI, the DA comments because they are the government's official opposition. It's rather how DEMOCRACY works... Although I could do with a break from their consistent pettiness. As a final thought, I sincerely hope Madiba's R 200 note gets a better run than its leopard print counterpart:)

  • thozi - 2012-02-12 01:01

    Our former President, Mr Mandela, could have destroyed South Africa single-handedly had he wanted to. Instead, he sought to get all South Africans, irrespective of colour or creed, to reconcile unconditionally - and he really tried. Unfortunately, time & age was not on his side. It's really not his fault that some unscrupulous people in his party had ulterior and dirty motives. That should not be held against him. He deserves every honour and more from all South Africans who love and still have hope for our country.

      Phil - 2012-02-12 05:20

      It speaks volumes that generally people promoting Mandela use a NEGATIVE as a positive feature. "He could have destroyed SA but didn't" !!! That is pretty sad and pretty pathetic. If Mandela is as great a Leader (notice I say LEADER and not MAN) as some make out then there should be a long list of positive achievements that you can detail. But there is not.....in fact since the ANC took power there has only been a list of opportunities LOST! I have read much about the man and in many ways he comes across as a decent person....he is certainly very charismatic and suffered much in detention. There is also a hard side to him though , he was ,as a terrorist prepared to kill innocent people and even after the defeat of apartheid we had the Shell House "shoot to kill" allegations. But of course, his leadership qualities were never tested to the full as the ANC pushed him out of the way at the first opportunity. Unfortunately though history only records the hard facts of what has been achieved (or rather was NOT achieved) ...being a nice charismatic old uncle will not cut the mustard in years to come. I don't think that history will treat the man kindly at all. Mandela will also be tainted by his Political parties rape of South Africa ...and the result which is coming.

      Blip - 2012-02-12 05:45

      Phil, his release -- and his statesmanlike conduct upon release -- resulted in the biggest ever upwelling of acceptance and affection for all of SA that, inter alia: we were re-admitted to the Olympics, the Commonwealth and to all international sport. Not only admitted, but we even got to re-enter world cup rugby by HOSTING the 1995 event (which we won). Our credit crunch -- caused by disinvestment and a refusal to roll over foreign loans -- ended as abruptly, and the economy resumed growth of between 3% and 5% p.a. throughout Mandela's presidency. Our passports were now accepted for travel anywhere in Africa and in many other countries (Mexico, India etc etc) where we had all been personae non grata for half a century. Our fruit and wine exports took off as overseas consumer resistance to SA products made way for a welcome back. That should suffice for now as an answer to your question.

      Henri James Christie - 2012-02-12 06:31

      Quite correct...and all the good that he did in the short time he had, has been messed up by the same party he dedicated his life to. The method he had was straightforward, look to the future and move on from the past. NOBODY yet has ever, in the entire existence of the world, changed the past BUT many have learned from the past not to repeat the unwanted. Seems the ANC of late, haven't cottoned onto this concept yet

      Pierre - 2012-02-12 07:03

      @Blip - well put.

      Martin Myburgh - 2012-02-12 08:12

      @thosi, I agree , I was a cop in the old SA and in 1992 I had the honour to meet him. At that stage most people saw him as the "enemy" including me. How wrong we were. He walked up to me and shook my hand and introduced himself and all my resistance crumbled. He proved himself to be a truly great leader and gentleman...and he was also once the leader of the ANCYL.

      frank.hartry - 2012-02-12 09:42

      I doubt whether Mandela could have destroyed South Africa. It was a necessary negotiated settlement which led to democracy. The apartheid regime was not militarily on its knees when Mandela was released in 1990. Under De Klerk the government, in his words, realised that apartheid was a big 'mistake' that didn't work. By the way Van Riebeck was not a politician. It is unusual to have a politician as a face on banknotes. Churchill, Smuts, Kennedy or even Mugabe, Hitler, Amin or Castro, have not been on bank notes of their respective countries. George Washington's face appeared on the US bank notes as a historical figure, hundreds of years after his death. That is as it should be. In my opinion it is inappropriate to have a living politician on the face of a bank note.

      Phil - 2012-02-12 11:52

      @blip What a load of rubbish. Absolute crud. What you describe would have been the result of ANY free and fair democratic election. It had nothing at all to do with Mandela's leadership ...or lack of it.

      Phil - 2012-02-12 11:54

      @martin myburgh : " He walked up to me and shook my hand and introduced himself and all my resistance crumbled" More fool you. A nice old guy walks up , shakes your hand and its all over Red Rover.

      Pierre - 2012-02-12 12:16

      @ Phil - just shut up.

      Jacqui - 2012-02-12 12:51

      Irene, Care to comment on all the blood on the hands of the previous leaders?. Shall we start with the apartheid policeforce?. Or is selective hypocrisy also your game?.

      Irene - 2012-02-12 16:10

      Jacqui ~ Nobody is denying the blood on the apartheid police's hands. Hell no, they sure would NEVER be allowed to forget it. The difference is Mandela is made out to be a saint and the blood on his hands somehow never gets mentioned. What's good for the goose and all that .....

      Pierre - 2012-02-13 11:20

      @ Irene - Just curious what blood is on Mandela's hands, who did he kill? If I remember correctly he was charged with sabotage and treason, not murder. When Mandela was with Umkhonto they took part in sabotage without killing; Umkhonto turned to more aggressive gorilla tactics only in the '80s when Mandela was clearly in jail.

      Merven - 2012-02-13 13:49

      @Thozi, go and read up on CODESSA, then you won't speak so much nonsense.

  • Blip - 2012-02-12 02:07

    We've unfussily had Van Riebeeck's head on notes for many decades, and almost every presidential head unfussily on our coins for a long, long time, so this is really no big fuss either.

      Michael Iago Law - 2012-02-12 17:02

      Mandela is no longer the president... Therein lies the problem! End of!

  • wendy.parris - 2012-02-12 06:05

    What a good idea... I would be happy to have his face on our flag!

      Geronimo - 2012-02-12 11:45

      Wendy, national flags should be as objective and neutral as possible. That's why they usually comprise a bunch of different coloured stripes. It has to represent EVERY citizen of the country. Now why would you want to put an ANC leader on the country's national flag if only to cause national division? Should we put all our presidents on the flag? What will happen one day when the ANC are not the governing party? Silly idea, if truth be told.

      Tooka - 2012-02-13 15:47

      Yeah, if you like him so much, go tattoo his face on your tits. Don't go putting it where the rest of us are forced to gaze upon it.

  • Pierre - 2012-02-12 06:36

    I must admit I am pleasantly surprised. This is a first from the DA; that is now a first positive statement on a government’s decision, member or former member of the government. Maybe the DA has realised that the disgruntled ex-Nat vote, that want Apartheid and the death penalty back, can only take them that far and at some point the DA will have to become reasonable and acknowledge the new South Africa.

      Geronimo - 2012-02-12 11:49

      Spot on Clinton. How far the ANC has fallen from Nelson Mandela's time. I wonder what people will say in 100 years time when they look back on the ANC led transition and where it took this country. Who knows? The story is still being written (but with the stark decline in calibre of ANC leaders - Mandela - Mbeki - Zuma - Malema - I can guess what will be written...)

      Pierre - 2012-02-12 12:21

      @ Clinton - I am happy for that to be true. I believe in democracy, just not in political stale mate where one party tries to destroy the country for a few extra votes. Then it should then be easy for you to point out at least one time when the DA were in agreement with Nelson Mandela (at the time and not years later). I remember your partner in the alliance, namely FW de Klerk, used his big lie in 1997, declaring that the new SA is worse than Apartheid. That in Nelson Mandela’s first term. Thus I assume the DA did not agree with FW’s assessment at the time; since you indicate now that you want things to return to that era.

  • Douglas - 2012-02-12 07:19

    DA = Clowns

      Garth - 2012-02-12 13:16

      I would have to agree with you in this instance. For by this spineless display they have lost my vote. Where, in any true democracy, are the people not consulted on an issue holding this importance. Where in any true democracy do the opposition bend over and take it without lube on an issue of such importance. Zille, I should never have trusted you and your black sash `spots'. Also, if I were an anc ignorant, I would be annoyed that we the ignorant peoples of SA, were not consulted. They consulted the `matches and tyres' woman, but not the people. Or does she speak for the ignorants that maintain this useless, worthless ineptocracy? Clowns indeed!

  • ozzie.oz1 - 2012-02-12 07:55

    Another take on @renaldogouws http://r3ind3irexposed.blogspot.com/2011/12/renaldo-charity-fraudster.html?spref=fb

      Anders - 2012-02-12 11:59

      Your witch hunt is quite sad. Did he break your heart?

  • Michael Webster - 2012-02-12 08:10

    dont know why people are so worried about what is going on our money because soon we wont be using cash, it will all be on cards and microchips, thats is when you have to worry

  • Alfred Maringa - 2012-02-12 09:01

    I feel blackmailed. On the one hand I'm completely opposed to our currency bearing the face of individuals,but at the same time it doesn't feel right to be against Nelson Mandela's face on our currency.

  • ISO - 2012-02-12 09:09

    Its a clever way of making money, lost of foreigners will buy this note.

  • Lucky Manaswe - 2012-02-12 09:34

    I don't know if these forums really represent how we as south africans view each other. There is so much animosity between white and black people even things that don't need to bring race into, in the end they end up being a match between blacks and white, ANC and Apartheid. Is really shocking and sad. Maybe when we meet each other at work, malls etc we are just pretending to have moved on but on these forums people vent out their anger and hatred towards each other because most of us are hiding behind nicknames. God bless Africa

  • comurray - 2012-02-12 10:02

    They are most probably going to do away with the R10, R20, R50, R100 and R200 notes and replace them with R30, R75, R180 and R250 plus R400, R600 and R1000 notes more inkeeping with the pathetic value of the South Africa rand.

      Pat Tsotetsi - 2012-02-12 10:36

      anything dat has mandela in da accept with warm hands

      Tooka - 2012-02-13 15:52

      @ Pat - Perhaps for postitutes like yourself yes, but not for all of us.

  • Dion - 2012-02-12 10:12

    I am so SICK of you racist morons posting your drivel on every little thing that happens in this country. You truly do not deserve the privilege of posting your infantile musings on this, or any other forum. Go Nelson, may you live to be 125 years old!

      Jacqui - 2012-02-12 12:59

      No one else but Dion has the right to post drivel. Please take note.

  • louis.langenhoven - 2012-02-12 10:13

    I am happy with Madiba on the notes....BUT CAN ANYONE TELL ME WTF IS ON THE REVERSE SIDE????? A note/coin has TWO sides but seemingly no journalist in SA is AT ALL concerned/aware about that fact... or maybe its gonna be another surprise which will cause the Rand to lose even more value against the dollar? thats my rant/rave for today

  • Moruthane Bauba Madihlaba - 2012-02-12 10:20

    I would understand if it was Chris Hani or Steve Biko not Mandela...

      Merven - 2012-02-13 14:14

      All terrorists, I don't see your point Moruthane.

  • Lavida Koekemoer - 2012-02-12 10:27

    South Africa is for all who live it....even Nigerians d drug lords

  • Enlightened - 2012-02-12 10:41

    As much as I admire Nelson Mandela and I somewhat, when I look at some of the things he said in the past about namimg roads, airporst and buildings after people wonder whether he was consulted about this. What I CAN however see is that this is simply one more step towards making South Africa a totalitarian ANC state.If anyone thinks diferently, just wait and see.

  • Enlightened - 2012-02-12 10:44

    Alicia; exactly why was Jan van Riebeek a real criminal? Read your history books and then coment again. don't just sit there making statements trying to get into the black sash's good book

  • Mike - 2012-02-12 12:23

    I would be more happy if they change the name of our currency to more African name.If our neighboring countries can have names like Pula(Botswana Currency),Maluti(Lesotho),Kwatcha(Malawi) just to mention a few we should really consider chaning the currency to a more meaningful African name.

      Garth - 2012-02-12 13:21

      Which one of your myriad languages represents a meaningful African language? Are you ignorants now going to fight your clan wars over whose language gets used to name the currency? And in `changing' the name, you will `chain' it to your language because its worth will truly be done with. Racist chop.

      maseratifittipaldi - 2012-02-12 13:43

      A nice neutral name will be the Ba Nana.

      Merven - 2012-02-13 14:13

      What about Stones? How much is a bread? 10 Stones.

  • Jacqui - 2012-02-12 13:04

    Personally I would much rather have the D.A. doing something about the state of the roads where I live.

      Garth - 2012-02-12 13:22

      Agreed!

  • Graham - 2012-02-12 14:31

    It looks like chinese money! Zuma just doesn't have a clue, does?

      Nhlanhla Kambule - 2012-02-12 15:24

      I am suprised the DA and e tv didnt ask for E Terrbalnces face on the notes

      Irene - 2012-02-12 16:14

      Nhlanhla ~ Does your mommy know you're playing on her computer or are you older than 6?

  • Esther - 2012-02-12 15:58

    Mandela Schmandela. I want to vomit

  • modisagarekweernestm - 2012-02-12 16:08

    I am not against the idea but I still vote for our "Big Five" . . .

  • Sannie - 2012-02-12 17:44

    The reserve bank must put the Skielik shooter on the bank notes and all these negative comments will end.

  • Mohsin - 2012-02-13 10:43

    nice!!! a fitting tribute to a great man!!!

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