Noluthando Mthonti-Mlambo speaks to the Head of Cartels at the Competition Commission, Makgale Mohlala about their settlement with Standard Chartered which admitted its role in fixing bid, offers aimed at manipulating the dollar-rand exchange rate and has agreed to pay an administrative penalty of R42.7 million for its role in helping to manipulate the rand. Standard Chartered was one of 28 local and international banks which stand accused of being part of an overarching foreign exchange rigging conspiracy.

<p>Noluthando Mthonti-Mlambo speaks to the Head of Cartels at the Competition Commission, Makgale Mohlala about their settlement with Standard Chartered which admitted its role in fixing bid, offers aimed at manipulating the dollar-rand exchange rate and has agreed to pay an administrative penalty of R42.7 million for its role in helping to manipulate the rand. Standard Chartered was one of 28 local and international banks which stand accused of being part of an overarching foreign exchange rigging conspiracy.</p>

POWER Business is on every weeknight, offering a wrap-up of the day’s business news, analysis of market trends and advice on all money-related matters. Noluthando Mthonti-Mlambo interviews leading CEOs whose businesses are making headlines. POWER Business also has a human interest focus, unpacking the nature of the economy and empowerment more broadly.

<p>POWER Business is on every weeknight, offering a wrap-up of the day’s business news, analysis of market trends and advice on all money-related matters. Noluthando Mthonti-Mlambo interviews leading CEOs whose businesses are making headlines. POWER Business also has a human interest focus, unpacking the nature of the economy and empowerment more broadly.</p>

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