Swiss launch forex manipulation probe - South Africa’s ANC attacks banks over forex rigging charges | Arab News
At the time the rand had collapsed from R7.
Wakeford warned that if this practice was not stopped, the rand would go down to R20, R30, R40 and possibly R50 to the US dollar. However, the rand managed to lunch its way back and regained 35 percent of its value.
But in it sank again and breached the psychological barrier swiss launch forex manipulation probe R10 to the US dollar. Its collapse continued in andreaching new lows of R14 to the US lxunch, and is currently at R President Jacob Zuma and Finance Minister Pravin Gordhan are expected to announce some of the measures to fix the economy during the State of the Nation address in February.
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Zimbabweans empty store shelves in anticipation of product shortages. Arrested Durban bomb suspects also linked to Verulam mosque attack.
NPA commends Bonang Matheba fraud case. Siyabonga Mkhwanazi The investigation into the collapse of the rand has started, with the Competition Commission targeting six major financial institutions implicated in currency manipulation.
The commission was also investigating Investec and Standard Chartered Bank. However, Lesofa would not give details on the investigations.
Bonakele said last year this investigation was in line with other probes in the US and UK. Retrieved 3 February Retrieved 1 July Retrieved 18 February Retrieved 28 July The Bureau of Investigative Journalism.
Retrieved 14 April Commodities Futures trading Commission. Retrieved 20 May Retrieved 18 September Retrieved 22 December Retrieved 26 December Swiss Financial Swiss launch forex manipulation probe Supervisory Authority. Archived from the fkrex on 15 November Retrieved 22 November See also Accounting scandals.
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Description:Feb 17, - Barclays Plc andCitigroup approached South African antitrust Tezos founders push for legal bailout from Swiss foundation The Commission launched the probe in April , joining a global clampdown that has led to of around $10 billion for rigging interest rate and foreign exchange benchmarks.