Krugerrands are gold bullion coins, created to provide a vehicle for retail investors to invest in gold bullion.
The Krugerrand is the most widely held bullion coin and is recognized internationally. The Krugerrand is minted by the South African Rand Refinery and is minted in four different sizes, one ounce, half ounce, quarter ounce and tenth ounce. This allows smaller investors to accumulate gold.
Krugerrands are legal tender in South Africa and as such are not subject to South African VAT.