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What are rands?

What are rands? Here are some definitions.

Noun
  1. plural of rand
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Examples
In trading on currency markets Thursday, the rand was trading at 7.5 rands per American dollar.
While he was head of the Heath Special Investigating Unit, they recovered millions of rands stolen from the government.
It is most unfortunate that the strike will cost the country hundreds of millions of rands, and the human cost will be even higher.
Early diagnosis and treatment of mental health problems will ultimately save South Africa billions of rands.
When the rand began to slide in 1996, then governor of the Reserve Bank Chris Stals sold dollars to buy rands.
Seven years ago central government promised a solution, but the supernumeraries still use chairs, desks and telephones and they are costing close to a billion rands a year.

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