The Competition Commission mixed up the legal entities of some banks named in a currency manipulation probe and delayed hearings to reconsider the case, according to people familiar with the matter. At a pre-hearing in Pretoria on June 23, the Competition Commission’s lawyers indicated that some complaints may be applied to new legal entities, the people said, asking not to be identified because the meeting was private. The commission may have to devise a new strategy that could see it charge lenders individually rather than as a group, one of the people said. Hearings with the banks accused of rigging the rand, scheduled to start on July 20, "have been taken off the roll at the request of all parties concerned", the Competition Tribunal said in an e-mailed statement on Wednesday. The tribunal, which rules on competition matters referred by the commission, asked all parties if transcripts of the private June 23 meeting could be published, but not all those concerned responded to the...
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