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Title:Unfiltered | Banks under fire for rand manipulation - 23 November 2023
Duration:53:24
Viewed:67,729
Published:23-11-2023
Source:Youtube

UK-based Standard Chartered Bank has reached a settlement with the Competition Commission for colluding with 27 other banks to manipulate the rand's value against the US dollar. While Standard Chartered has come forward and paid a fine, a number of other local and international banks including Absa, Standard Bank, Nedbank, Barclays and Bank of America are still under investigation. Welcome to Unfiltered, my name is Sizwe Mpofu-Walsh your host. Tonight on the show, we take a look at the manipulation of the rand, who should be held accountable? How has this affected the economy and the lives of ordinary South Africans? Joining me for the conversation are the Competition Commission's Makgale Mohlala, Makwe Masilela, Director at Makwe Fund Managers and on Zoom we have economic analyst Bongani Mahlangu. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.



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