The South African Associated press was established in the Union of South Africa on July 1st 1938. Newspaper sellers on the streets of Johannesburg at that time would have received similar dated coins in payment.

The agency was established on July 1, 1938, by major Union of South African newspapers to facilitate the sharing of news. Reuters had dominated the internal supply of news in South Africa until 1938.  In February 1938, the constitution for the new agency S A PA  was framed, and by April that year, it became a co-operative news agency under the control of every British and Afrikaans newspaper that wished to join.

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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