Competition Commission: Major banks must pay for any possible misdeeds

The United Democratic Movement (UDM) welcomes the findings of the Competition Commission regarding 17 major banks operating in South Africa accused of price fixing in international markets and manipulating the South African currency. The Competition Commission has been courageous in its fight against corruption, especially the private sector. Most of its findings have withstood scrutiny and we therefore believe that in this instance it has also done its work with precision. Once this is confirmed [...]