This is how forex trading works and what is legal and illegal
Confusion lingers over Tito Mboweni’s response to parliamentary question on online dealings
05 October 2020 - 13:50
Finance minister Tito Mboweni triggered a minor storm, and no small measure of confusion, when responding to a parliamentary question on online foreign exchange trading this week.
At first, Mboweni seemed to directly contradict current Financial Sector Conduct Authority (FSCA) regulations by stating that online forex trading is illegal in SA and that residents are not allowed to speculate against the rand...
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