The South African Rand gets its name from the Witwatersrand, (White-waters-ridge) the ridge that Johannesburg is built on.
In some parts of South Africa money is referred to as "Tom." This is a creation of Cockney rhyming slang, where the English word "jewelry" was rhymed with "tomfoolery," and foolery was then chopped off.
South Africa is populated by many different ethnic groups with many different languages resulting in a wealth of slang terms. Coloureds may refer to money as "Kroon" which also means "virginity." South African Indians call 100 Rands a "Clip," and may refer to money as "Pano."
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