JOHANNESBURG -The SA Reserve Bank will issue new commemorative notes to mark former president Nelson Rolihlahla Mandela's centenary, it said on Monday.

''These notes will cover all denominations – R10, R20, R50, R100 and R200. At the same time, the South African Mint, a subsidiary of the SARB, will issue a new R5 circulation coin celebrating Mandela’s birth centenary,'' the SARB said in a statement.

''The new commemorative banknotes and coin will circulate alongside the existing banknotes and coin. It is expected that the commemorative banknotes and coin will be introduced into circulation from July 18.''

Mandela, who died in 2013, would have turned 100 in July.

The governing African National Congress (ANC) has declared 2018 the year of Nelson Mandela to honour and emulate the values of the former states man. The party launched its centenary programme at the Grand Parade in the Cape Town on Sunday, with Mandela's protege, ANC president Cyril Ramaphosa delivering a keynote speech.