Angry MPs on Friday tore into banks over the currency manipulation storm, demanding maximum penalties and that licences be revoked.

But some of the local banks accused by the Competition Commission have denied any wrongdoing, saying no evidence has been brought forward that they were involved in chatrooms where the manipulation of the rand was discussed. ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.