South Africa News: Rand-Rigging Probe (ZAR USD) Revived


South African Rand Rebound Snaps Streak of Weekly Losses

Photographer: Waldo Swiegers/Bloomberg

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South Africa’s antitrust-watchdog revived a five-year-old case against banks that were accused of manipulating trades in the rand-dollar currency-pair.

The Competition Commission has compiled a new charge sheet against more than 20 lenders that allegedly colluded to fix prices and divide markets…



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integral
About Author: integral
A free-thinking individual who strives to maintain psychological balance between the two polar aspects of Human Nature; Desire and Conscience. However, These conditions can never be balanced because inertia will carry us to extremes. Balance is a constant struggle therefore I live by the principles of the HERU Interface