50 Rand

The 2023 series marked South Africa's sixth definitive banknote family since the Reserve Bank's founding in 1921, with the 50 Rand printed entirely in-house at the SABNC facility in Pretoria — one of relatively few African central banks operating its own full-production printing works. Kganyago's signature appears here in his capacity as Governor, a post he has held since 2014 following the sudden resignation of Gill Marcus.

The optically variable ink on this denomination shifts between gold and green — a specification that caused supply delays in earlier runs of the preceding Mandela Centenary series when OVI sourcing was disrupted globally in 2020–2021.