Currency manipulation Concerns over lack of transparency
JOHANNESBURG - Experts are concerned following the dismissal of cases against 23 of the 28 banks accused of rand manipulation.
The Competition Appeals Court sighted a lack of evidence.
READ: Currency manipulation | Setback for Competition Commission
Pundits say this has exposed weaknesses in the efficacy of regulatory oversights within the banking sector.
The Competition Commission lodged a complaint in 2015 alleging that various financial institutions colluded to rig the value of the rand against the dollar.
The CEO of Future Forex, Harry Scherzer spoke with eNCA.