Calls for accountability, legislative action after ConCourt ruling on rand manipulation

Author: iol.co.zaPublished on: July 15, 2026Country: South Africa
PoliticsBusiness & Economy
Calls for accountability, legislative action after ConCourt ruling on rand manipulation

The South African Constitutional Court dismissed an appeal against major local banks in the rand manipulation scandal, clearing them due to lack of evidence. The African Transformation Movement (ATM) called for legislative action and parliamentary oversight. The court allowed prosecution to proceed against six international banks at the Competition Tribunal.

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