insert_link Business / Economics Competition Appeals Court deals blow to South African rand manipulation case The South African Competition Commission’s rand-rigging case has been dealt a massive blow, as the Competition Appeals Court dismissed 23 of the 28 implicated commercial banks, saying the commission lacked enough evidence to support its claim of a conspiracy to manipulate the rand-dollar exchange rates between 2007 and 2013. However, Investec, JPMorgan Chase, HSBC, BNP Paribas, and Credit Suisse still face potential prosecution. Separately, Moneyweb reports that Standard Bank has […] todayJanuary 9, 2024 10
insert_link Africa Allan Gray cuts ties with Global & Local By Chris Steyn, via BizNews Africa’s largest privately owned investment management company, Allan Gray, has cut ties with Global & Local. That has been confirmed to BizNews in an email stating: “Considering the ongoing uncertainty around the investigation into BHI Trust, we took the decision to terminate our contract with Global & Local, with a notice period.” Global & Local has been under fire ever since it emerged that its founder […] todayDecember 5, 2023 14
