The Statute of Westminster brought into being in 1931 governing colonies of the United Kingdom . (Extract from the Preamble)

Whereas the delegates to His Majesty's Governments in the United Kingdom, the Dominion of Canada, the Commonwealth of Australia, the Dominion of New Zealand, the Union of South Africa, the Irish Free State and Newfoundland, at Imperial Conferences holden at Westminster in the years of our Lord nineteen hundred and twenty-six and nineteen hundred and thirty did concur in making the declarations and resolutions set forthin the Reports of the said Conference.

And whereas the Dominion of Canada, the Commonwealth of Australia, the Dominion of New Zealand, the Union of South Africa, the Irish Free State and Newfoundland have severally requested and consented to the submission of a measure to the Parliament of the United Kingdom for making such provision with regard to the matters aforesaid as is hereafter in this Act contained:

Now, therefore, be in enacted by the King's Most Excellent Majesty by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same.

Up to 1960, South Africa used the British system of 12 pennies to a shilling and 20 shillings to a pound (240 pennies to the pound). this coinage system dominated South Africa for more than a century as Lord Charles Somerset issued an ordinance as far back as 6 June 1825 declaring British Sterling as legal tender at the Cape (Arndt, 1928). This was part of a process to introduce a uniform monetary system for the British Colonies at the time. A shortage of coins nevertheless delayed this process for several years, but after 1848, only coins of the Sterling series were accepted. These coins became firmly entrenched throughout the whole of South Africa and even the Kruger coins, minted in the Transvaal Republic during 1892 to 1900, conformed to the British system (Engelbrecht, 1987).Source: Francois Malan

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