*  *  *  Thank you for the invitation to speak today on an issue of great interest to many of us, that is, compliance-risk management and supervisory expectations. Over the last few years, legal and regulatory compliance breakdowns have attracted increased attention across the financial industry.
The Free State reverted to the riksdaalder (= 1 shilling and sixpence). In the ZAR, riksdaalder notes were also issued to serve as currency, although the riksdaalder was supplemented by periodic issues of ZAR pound notes in various denominations. In 1874, the ZAR issued its first coins, the Burgers pounds. As not many of these coins were issued, they became very valuable collectors’ pieces.