The Krugerrand is a South African gold coin. Krugerrands were first minted in 1967 to help market South African gold. The coins have legal tender status in South Africa, but are not intended to be used as currency. New Krugerrands are issued by the South African Reserve Bank (SARB) and are available from certain banks and specialist outlets. The JSE offers trading in Krugerrands through a well regulated secondary market and are traded in the same way as any listed Equity Market instrument, with prices being quoted on the various types (weights) of coin.
Krugerrands appeal to professional and private investors who wish to make a direct investment in gold bullion, hedge their portfolios against the US dollar or to further diversify their portfolio.
Open a brokerage account with
a JSE Equity Market member. Visit a Krugerrand specialist outlet.