On June 30, the Constitutional Court brought the curtain down on most of the Competition Commission’s decade-long “rand-rigging” case. Thee pattern is unmistakable: this was never really a case about how the dollar/rand market works. It was a case built on an assumption about collusion, into which the commission then tried to fit the mechanics of a trillion-dollar, 24-hour, electronically intermediated market. The mechanics never fitted, and the courts have now said so twice. (Karen Moolman)
Andrew Padoa from Otto 1890 joins Business Day TV for a broader look at the day’s market movers.
Business Day
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