<Tr> <Th> Website </Th> <Td> www.reservebank.co.za </Td> </Tr> <Tr> <Td_colspan="2"> This infobox shows the latest status before this currency was rendered obsolete . </Td> </Tr> <P> The pound (symbol £) was the currency of the Union of South Africa from the creation of the country as a British Dominion in 1910 . It was replaced by the rand in 1961, the same year that South Africa became a republic . </P> <P> In 1825, an imperial order - in - council made sterling coinage legal tender in all the British colonies . At that time, the only British colony in Southern Africa was the Cape of Good Hope Colony . As time went on, the British pound sterling and its associated subsidiary coinage became the currency of every British territory in Southern Africa . The pound at that time was subdivided into 20 shillings, each of 12 pence . </P>

When did south africa change from pounds to rands