The history of the ora (with the symbol Φ) as a trade instrument is inextricably linked to the history of Orania, a village on the southern bank of the Orange River in the Northern Cape Province of South Africa. The closest town to Orania is Hopetown (43 kilometres to the northwest). Orania is about 160 kilometres south of Kimberley, the biggest city in the Northern Cape. Orania has a number of unique features. Firstly, all inhabitants are white and speak Afrikaans, with the implication that this is the language used for all activities (business, education, religion and social interaction). It is therefore viewed as a white Afrikaner cultural enclave. Secondly, the aim of Orania is self-determination as far as its future is concerned. In this context it has been described as a continuation of the Verwoerdian ideal of the 1960s. This aim is supported by "selfwerksaamheid" (loosely meaning "to work with our own for our own"), that is, a policy in terms of which preference is given to the employment of people from Orania. Thirdly, Orania has its own trade instrument, the ora, the symbol for which is Φ.2 The ora is described as a coupon used in settlement of cash transactions. Calling the ora currency would be a contravention of the South African Reserve Bank Act, 1989. The Orania Sakekamer [chamber of commerce] issues the ora. It is linked on a one-to-one basis to the South African rand, that is, at a rate of Φ 1,00 = R1,00. The inhabitants of Orania prefer to use ora when referring to amounts and this paper follows the same convention. Literature on Orania refers to the ora and its use in trade, but there is no research focusing on the development of the ora since it wasfirst launched in 2004. This paper seeks to contribute to filling this gap in the existing literature. The ora serves the needs of the inhabitants of Orania. A population census undertaken in Orania in December 2021 and early in 2022 reported the town'spopulation as 2 377 people, of whom 1 635 were 20 years and older. The same census also showed that Orania comprised 649 households and 220 businesses. Based on the 2021/22 census, the total personal annual income of the residents of Orania in 2021 was estimated at Φ295 672 222. Per capita personal annual income of the 2 377 inhabitants was therefore estimated at Φ124 389. Based on the same census data, the annual household income in Orania was estimated at Φ190 331179. The difference in estimates cannot be explained in terms of the 2021/2022 census data and was previously highlighted as an area for further research. These estimates show some correlation with the survey data obtained from the 2021 business survey conducted in Orania. Business turnover in 2021 was estimated at Φ281 950 000. More research is necessary to ascertain whether the increase in the value of ora issued correlates at all with the growth rate of economic activity in Orania. If this correlation can be determined, ora in circulation will be a useful indicator of the growth of economic activities in Orania. The growth rate of ora coupons cannot be compared with growth in economic activity because the latter has not previously been calculated on a comparable basis. Recently research was published that will contribute to a basis for determining future economic growth. This research shows that the ora contributes to "community building" (a sense that the residents are building their own future) in Orania and limits cash risks in the town. However, the ora also has certain disadvantages for residents of Orania. Holders of ora coupons and dOra must exchange them for rand in Orania for cash transactions outside the town. Any discount that businesses grant on ora transactions reduces their turnover and gross profit. The fact that ora coupons are not machine-readable increases the administration costs of the coupons. The final conclusion is that the ora is inextricably linked to Orania. The town can exist without the ora, but the ora cannot exist without Orania.
Hierdie artikel fokus op die geskiedenis van die ora (Φ3) sedert die eerste vrystelling daarvan 20 jaar gelede in 2004. Die ora is onlosmaaklik verweef met Orania, 'n Afrikaanse dorp in die Noord-Kaap. Die ora is op 'n een-tot-een-grondslag gekoppel aan die Suid-Afrikaanse rand. Die ora sirkuleer as 'n wettige betaalmiddel vir gebruik in kontanttransaksies in Orania. Die bestaan en sirkulasie van die ora is een van die unieke eienskappe van Orania. 'n Verdere unieke eienskap van Orania is die uitsluitlike gebruik van Afrikaans in die dorp. Alle bedrywighede (godsdiensbeoefening, kultuuraktiwiteite, onderrig en saketransak-sies) geskied uitsluitlik in Afrikaans. Voorts het Orania net wit inwoners. Die dorp word dus as 'n wit Afrikaner enklawe beskou. Daarbenewens is die oogmerk van Orania selfbeskikking wat die dorp se toekoms betref. Dit bring Orania in lyn met die voortsetting van die Verwoerdiaanse ideaal van afsonderlike ontwikkeling tot selfbeskikking. Hierdie ideaal word in Orania ondersteun deur "selfwerk-saamheid", met ander woorde 'n beleid dat voorkeur gegee word aan indiensneming van die inwoners van Orania. Die inwoners van Orania verkies om bedrae in ora te noem en nie in rand nie. Gevolglik word daardie praktyk in hierdie artikel gebruik. Gebaseer op die 2021/22-sensusopname in Orania, is totale persoonlike jaarlikse inkomste op Φ295 672 222 beraam. Per capita persoonlike jaarlikse inkomste vir die 2 377 inwoners is dus op Φ124 389 beraam. Hierteenoor is die jaarlikse inkomste van huishoudings in Orania in 2021 op Φ190 331 179 beraam. Hierdie verskil in ramings kan nie met behulp van die bestaande sensusopnamedata verklaar word nie en is tevore aangestip as 'n gebied vir verdere navorsing. Die 2021-besigheidsopname van Orania rapporteer data oor sake-ondernemings in die dorp. Op grond van hierdie opnamedata is die jaarlikse omset van sakeondernemings in Orania in 2021 op Φ281 950 000 beraam. Meer navorsing is nodig om te bepaal of die groei in ora-koepons wat uitgereik word, hoegenaamd korreleer met die groei in ekonomiese bedrywighede in Orania. Die groeikoers van ora-koepons kan nie met groei in ekonomiese bedrywighede vergelyk word nie omdat laasgenoemde nie voorheen op 'n vergelykbare basis bereken is nie. Onlangse navorsing is die eerste inisiatief om 'n basis te skep vir die bepaling van Orania se toekomstige ekonomiese groei. Indien hierdie korrelasie deur toekomstige navorsing bepaal kan word, sal dit 'n nuttige en maklike aanwyser van ekonomiese bedrywighede op die dorp wees. Die navorsing toon ook dat die ora tot gemeenskapsbewussyn bydra, byvoorbeeld omdat die inwoners bedrae in ora uitdruk, eerder as in rand. Die ora verminder ook kontantrisiko in Orania, omdat die ora nie buite die dorp gebruik kan word nie. Die ora het egter ook sekere nadele vir inwoners van Orania. Houers van ora-koepons en dOra moet dit in Orania vir rand inwissel vir kontanttransaksies buite die dorp. Enige afslag wat sake-ondernemings op ora-transaksies toestaan, verminder hul omset en bruto wins. Die feit dat ora-koepons nie masjienleesbaar is nie, verhoog die administrasiekoste van die koepons. Die ora en Orania is onlosmaaklik met mekaar verweef. Die dorp kan egter sonder die ora bestaan, terwyl die ora nie sonder Orania kan bestaan nie.