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    Josia Shigwedha

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    Josia Shigwedha

Rand manipulation

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South Africa

SA Competition Commission appeals rand manipulation case in Constitutional Court

Constitutional Court chamber SA (Photo: ICJ) South Africa’s Competition Commission has escalated its rand manipulation case to the Constitutional Court, appealing a ruling that dismissed charges against several banks. The hearing, which runs until Friday, aims to revive allegations that 13 banks colluded to rig the rand–dollar exchange rate between 2007 and 2013. The Commission maintains that the alleged misconduct undermined South Africa’s financial system and distorted the currency market […]

today19 August, 2025