Rand manipulation

The ANC strongly calls for decisive action by law enforcement agencies against people and banks implicated in manipulating the rand. The party demands accountability and justice, labelling the manipulation as a corruption crime with severe consequences. The ANC rejects Standard Chartered’s 43-million-rand settlement offer, stating it falls short of addressing the extensive economic damage. Addressing the media, secretary-general Fikile Mbalula commends the Competition Commission for diligently investigating this economic malfeasance.