ROB ROSE: Rand-rigging ruling rips watchdog
The Competition Appeal Court has excoriated the Competition Commission over its handling of the currency manipulation charges against major banks
11 January 2024 - 05:00
Dennis Davis — judge, law professor, author of 11 books and host of the Judge for Yourself show — isn’t known for pulling his punches. Outspoken and brusque, he has gone so far as to argue for criminally charging politicians who attack the judiciary — such as Julius Malema — with contempt of court.
So the Competition Commission knew it was never going to have it easy when most of the 28 banks it accused of conspiring to “rig the rand” between 2007 and 2013 appealed to the Competition Appeal Court — presided over by Davis, Lister Nuku and Vusi Nkosi — to have the case thrown out...
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