What is 1.5 billion in ZAR (South African rands)?
The South African rand (currency code: ZAR) is the official currency of the Republic of South Africa. Each rand is comprised of 100 cents (c). Prior to 1961, the official currency of South Africa was the South African pound.
The word rand is shortened from Witwatersrand ("white waters' ridge") upon which sits the city of Johannesburg and the location of much of South Africa's famed gold deposits. The currency code, ZAR is an initialism of Zuid-Afrikaanse Rand, Dutch for South African Rand.