The Competition Appeal Court has thrown out the case against 23 of the 28 banks that were accused  of rigging the rand by the Competition Commission. The case was dismissed against all the South African banks appealing the matter, except Investec. The Commission suggested that the implicated banks in the alleged rand manipulation generated about a trillion rand a day between 2007 and 2013. The court has found that the commission has failed to produce sufficient evidence to implicate the institutions in wrongdoing. Sakina Kamwendo spoke to Chief Economist of the Efficient Group, Dawie Roodt.

<p>The Competition Appeal Court has thrown out the case against 23 of the 28 banks that were accused  of rigging the rand by the Competition Commission. The case was dismissed against all the South African banks appealing the matter, except Investec. The Commission suggested that the implicated banks in the alleged rand manipulation generated about a trillion rand a day between 2007 and 2013. The court has found that the commission has failed to produce sufficient evidence to implicate the institutions in wrongdoing. Sakina Kamwendo spoke to Chief Economist of the Efficient Group, Dawie Roodt.</p>

News and Current Affairs Show hosted by award winning presenter Sakina Kamwendo, live on weekdays from 12 noon to 1 pm on SAfm 104-107fm

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News and Current Affairs Show hosted by award-winning presenter Sakina Kamwendo, on weekdays from noon to 1pm on SAfm 104-107fm. 

<p>News and Current Affairs Show hosted by award-winning presenter Sakina Kamwendo, on weekdays from noon to 1pm on SAfm 104-107fm. </p>

Economist, Dawie Roodt says he's not at all surprised by the Competition Appeal Court's dismissal of the Competition Commission's rand manipulation case

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