Tags: Currency.
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.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.