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DA welcomes new banknotes


The Democratic Alliance has welcomed yesterday's announcement by President Jacob Zuma, that a series of South African banknotes will bear the image of former President Nelson Mandela.

DA MP, Tim Harris says it is an appropriate commemoration of Mandela's contribution to the birth of democracy in South Africa, as well as his considerable positive impact on national reconciliation.

Meanwhile .. Investec says the banknotes are a fitting tribute to the icon.

Economist Annabel Bishop has welcomed the news, but said it was a damp squib for markets with the announcement being made out of market hours.

The new bank notes will be in circulation later this year.