How SA’s stepping up as a forex hub and what that means for investors

2019-12-18 10:12

With an average turnover of $6.6 trillion per day in April 2019, the forex market is the largest and most liquid financial market in the world. Read more on how SA is stepping up as a forex hub.


2018-09-13 12:00

BEING an adult is nice. You make your own money and you decide how to use it.

Forex challenges the underlying reason for Zim's beer supply woes

2018-05-10 19:05

The CEO of Zimbabwe's Delta Corporation says although the company is managing to meet some of its demand, the foreign currency situation has become dire resulting in intermittent product shortages.

Zim platinum forex directive will hit suppliers hard - Implats

2017-08-24 12:50

The Reserve Bank of Zimbabwe's directive to platinum miners to give up 80% of their foreign currency receipts to the bank will have a severe effect on suppliers, says Impala Platinum.

Will forex cartel escape?

2017-04-23 06:35

The jurisdiction of South Africa’s competition authorities is being questioned by some of the banks implicated in an alleged foreign exchange cartel.

Zim's central bank talks tough on currency breaches

2016-06-07 09:54

The Reserve Bank of Zimbabwe has threatened to cancel the licences of banks and foreign currency dealers who violate new rules aimed at easing a dollar shortage.

Shuttleworth loses R250m exchange control battle

2015-06-18 11:16

Billionaire Mark Shuttleworth has lost a battle in Johannesburg’s Constitutional Court with the South African Reserve Bank over a R250.5m levy dispute.

Five big banks face $5bn bill over FX rigging

2015-05-20 09:00

Five of the world's biggest banks are expected to be hit with a combined bill of more than $5bn and criminal charges in a settlement with US and British authorities.

Judgment reserved in Shuttleworth case

2015-03-04 08:54

The Constitutional Court has reserved judgment in the Reserve Bank application for leave to appeal a Supreme Court of Appeal judgment in favour of billionaire Mark Shuttleworth.


Zimbabwe raises gold miners' forex allowances after output halt

2018-11-15 23:00

Zimbabwe’s central bank increased the amount of foreign exchange that gold companies can retain after a shortage forced some mines to close.

This company lost R27 million by betting against the rand – and the ANC's elective conference

2018-05-14 12:52

Industrial group eNX thought hedged ahead of "certain political events" in December. It ended up costing 20% of its net profit.

SARB fines foreign exchange outlets for poor controls

2018-03-23 16:57

The South Africa Reserve Bank has fined five foreign exchange dealers for poor anti-money laundering controls aimed at combating criminal activities.

Emerging markets offer opportunities

2017-12-05 13:11

Active managers can truly perform if they focus on emerging markets. How can investors capitalise on this?

Citigroup trader fired over 5-word message amid forex scandal

2017-05-09 18:49

A five-word message to a rival banker has been enough to cost a former Citigroup trader his job as the bank fought to appease regulators probing the foreign-exchange scandal.

Sarb's Kganyago raised red flag on Gupta bank probe

2016-10-16 13:33

SA Reserve Bank governor Lesetja Kganyago cautioned in April already that a cabinet inquiry about the Gupta's bank accounts could be viewed as political interference.

Rand collusion probe leader loves ‘the gory details’

2015-06-22 07:57

For evidence of collusion, South Africa’s antitrust boss needn’t stray far from his Pretoria office.

UBS to pay $545m over forex scandals

2015-05-20 12:15

UBS will plead guilty to rigging benchmark interest rates and pay $545m to US authorities to settle their probe into alleged manipulation of foreign exchange rates.

US demands guilty plea in forex rigging deal

2015-05-15 09:15

JPMorgan Chase says the US Justice Department will require the bank to plead guilty to settle charges it conspired with other banks to rig the forex market.

Shuttleworth charge was not a tax, court hears

2015-03-04 06:14

The exchange control charge imposed on Mark Shuttleworth formed part of a regulatory environment and was not a tax, the Constitutional Court has heard.

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