Rand Refinery Minted Gold Bar 100 grams (999.9 Fine)
Dimensions : 47.73 mm X 27.78 mm X 4.60 mm
The change in legislation makes allowances for the South African gold investor to own locally minted gold bars. These bars are manufactured by the Rand Refinery in three sizes; in 20 grams, 50 grams, and 100 grams.
Gold Krugerrands (22 carats) are VAT exempt. However, these bars carry 15% VAT, but, they are 24 carats in purity. Therefore, these bars are an important addition to any precious metal portfolio. Moreover, these gold bars may be taken overseas as part of one’s yearly R1 million allowance (provided they are declared).
Exporting of gold Krugerrands, on the other hand, is prohibited, and individuals may only take out R30,000.00 worth of gold Krugerrand out of the country. Therefore, from this perspective, these bars are desirable.