South Africa's Competition Appeals Court has dealt a major blow into the Competition Commission's rand manipulation case against four banks- both local and international. The banks have been accused of rigging trades involving the rand/dollar currencies.

The Appeals court dismissed the case on the grounds that there was lack of evidence and that the commission lacked jurisdiction, and was overreaching.

For more on this Lulu Gaboo spoke to Dr Azar Jammine, Director and Chief Economist of Econometrix...