diff --git a/mifosng-db/0002-mifosng-base-reference-data.sql b/mifosng-db/0002-mifosng-base-reference-data.sql
index f6a8667a1..77b028697 100644
--- a/mifosng-db/0002-mifosng-base-reference-data.sql
+++ b/mifosng-db/0002-mifosng-base-reference-data.sql
@@ -62,7 +62,7 @@ VALUES
 (158,'XOF',0, 'CFA','CFA Franc BCEAO','currency.XOF'),
 (159,'XPF',0,NULL,'CFP Franc','currency.XPF'),
 (160,'YER',2,NULL,'Yemeni Rial','currency.YER'),
-(161,'ZAR',2,NULL,'South African Rand','currency.ZAR'),
+(161,'ZAR',2, 'R','South African Rand','currency.ZAR'),
 (162,'ZMK',2,NULL,'Zambian Kwacha','currency.ZMK'),
 (163,'ZWD',2,NULL,'Zimbabwe Dollar','currency.ZWD');
 
diff --git a/mifosng-db/patches/patch-0002-update-south-african-rand-currency-display-symbol.sql b/mifosng-db/patches/patch-0002-update-south-african-rand-currency-display-symbol.sql
new file mode 100644
index 000000000..9c6d22e01
--- /dev/null
+++ b/mifosng-db/patches/patch-0002-update-south-african-rand-currency-display-symbol.sql
@@ -0,0 +1,10 @@
+UPDATE `ref_currency`
+SET
+`display_symbol` = 'R'
+WHERE id=161;
+
+
+UPDATE `org_organisation_currency`
+SET
+`display_symbol` = 'R'
+WHERE code like 'ZAR';
\ No newline at end of file