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Showdown for South Africa’s biggest banks accused of manipulating the rand | SA News

Staff Writer
 ·19 Aug 2025

The Constitutional Court will hear the Competition Commission’s bid to overturn a court ruling clearing major banks of wrongdoing in a decade-long rand manipulation case.

The Constitutional Court laid out a summary of the case, which it will be heard from Tuesday, 19 August, to Friday, 22 August.

It noted that a key question that will be answered in the proceedings is whether the Competition Commission has jurisdiction over the foreign banks named in the alleged conspiracy.

The commission launched a case against 28 banks since…

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