Neither the Treasury nor the SA Reserve Bank has evidence that any bank has taken part in currency manipulation, finance minister Tito Mboweni says.
“The Treasury has also checked that the SA Reserve Bank likewise does not have such evidence, and would like to invite the Honourable Member [EFF MP Hlengiwe Mkhaliphi] to provide any such evidence if she has any,” Mboweni said. In 2015, the Competition Commission began investigating market manipulation in currency pairs involving the rand by a host of local and international banks, including Bank of America Merrill Lynch, BNP Paribas, JPMorgan Chase, Investec, Standard New York Securities, HSBC, Standard Chartered, Credit Suisse Group, Standard Bank, Nomura, Macquarie, Absa and Barclays.
Earlier in 2019 the Competition Commission said it would use a recent settlement between British banking group Standard Chartered and US authorities to strengthen its case of currency manipulation by local and international banks.
It just pours when it comes to Tito Mboweni
UTito Mboweni uthunyiwe, the real meaning of thumamina
But Maria Ramos dd apologise sir for that conduct
I'll say it again Mboweni lives on his own Island. He is unaware of anything that is going on around him.
I think he had some slices. How much did they gave you to say such a crap Minister?
TitoMboweni tito_mboweni is an educated fool shem. A living proof that being educated doesn't necessarily mean a person is wise.
Yisilima lesi, even Maria Ramos alluded to this wena uthi EFF bring evedence are you OK upstairs
Is this man losing it now?!....
Is this thing even normal upstairs or he escaped in Life Esidimeni?
Marvinkhani He must ask MariaRamos
Something is very wrong with Tito.... the Report by the Competition commission implicates e local banks including ABSA, what the hell did he smoke? Surely it's frying his brain!
What Tito should be asking why Maria Ramos not arrested tito_mboweni
uMnumzana uTito has gone rogue now. Rogue traders implicated in a currency collusion case have been named in an affidavit filed by the Competition Commission. include three local banks: Absa, Standard Bank and Investec. Isn't that enough for govt action
Tito is pathetic
They don’t have it cause they don’t even understand how it works....all they know is insults
Mad cows
Economic Flippen Fools
Please return to retirement tito_mboweni 😢
In South Africa under ANC rule you do not need proof!! Not to worry TITO EFF is ass a Farce 2!!
Hot air. That's all Juliarse has
Do you leave under the sea?
What? Has this man been living under the sea?
Standard Chartered admits to rand manipulation – BusinessTech
Ask standard chartered bank
In VBS.....where else!
This Madala is always thinking that he is clever but his not . EFF have it own intelligence agency that provide them with the information unlike the ANC that depending on fake news!
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