Rand definition

Rand or "R" or "ZAR" means the lawful currency of South Africa;

Rand means the lawful currency of South Africa.

Rand or “R” - the lawful currency of South Africa;

Examples of Rand in a sentence

• On the other hand, if a member is off work and receives sick pay or weekly indemnity benefits that amount to more than of the re earnings in the month, then the member or dues- non-member under e Rand Formula, is required to ay dues for that These benefits are considered as work-related payments t at are secured under the collective agreement.

• Where additional employees are included in the bargaining unit by agreement of the Parties or pursuant to the Labour Code, any incumbents who do not wish to be members of the Union will be included on the basis of the "Rand Formula".

• Where additional positions are included in the bargaining unit by agreement of the Parties or pursuant to the Labour Relations Code, any incumbents, who do not wish to be members of the Union, will be included on the basis of the "Rand Formula".

• The Lessee shall on signature of this agreement pay a non-refundable administration fee to the Lessor to the sum of R500.00 (Five Hundred Rand) (including VAT).

• The Service Provider expressly agrees that this indemnity shall not be limited by any other clause in the Agreement, including the Limitation of Liability, but shall instead be limited to the sum in South African Rand that is the equivalent of five hundred thousand Great British Pounds at the date of the breach.

More Definitions of Rand

Rand or "R" means South African Rand, the lawful currency of the Republic of South Africa;

Rand or "R" means the South African rand, the official currency of South Africa;

Rand. ZAR" and "Cent" mean the lawful currency of South Africa and "Cent" is a one-hundredth (100th) part of one (1) Rand;

Rand means the official currency of the Republic of South Africa;

Rand or means the lawful currency of the Republic.

Rand or “ZAR” means the lawful currency of South Africa;

Rand or “R” - the South African Rand, the lawful currency of South Africa; 2.1.74 “Regulations” - regulations issued in terms of the Protected Areas Act; 2.1.75 “Regulatory Provisions” - (a) the Environmental guidelines (“Environmental Specifications”) for operators operating within the Protected Area which is further described in Schedule 7, as same may be revised and updated by SANParks from time to time, and (b) collectively the Laws, and standards of the State and any Relevant Authority which in any way affects or applies to the conduct of the Project and/or this PPP Agreement from time to time or, if the context is appropriate, any one of them and where appropriate includes the Regulations, Park Rules and Park Management Plan; 2.1.76 “Residual Value” - the depreciated value of the immovable structures (approved by SANParks) built by the Private Party from the date such structures were first accounted for in the Private Parties books until the Termination Date, as the case may be. Depreciation shall be calculated in accordance with depreciation presented for income tax purposes; 2.1.77 “Responsible Authority” - the South African national and/or provincial and/or local governmental authority having jurisdiction over any or all of the Parties or any subject matter of this PPP Agreement. A Responsible Authority shall, for the avoidance of doubt, not include any provider of Utilities; 2.1.78 “Restricted Enterprise” - a person restricted from contracting with SANParks and/or a Responsible Authority as a result of being listed either on - (i) the Register for Tender Defaulters compiled in terms of the regulations to the Prevention and Combating of Corrupt Activities Act, 2004; (ii) the Disqualified Directors’ Register (maintained by the Companies and Intellectual Property Commission) in terms of Section 69(13) of the Companies Act; and/or (iii) any other relevant listing required by Law;