With the right announcements the markets would react positively, support the government in seeking growth, writes Melanie Verwoerd.
Morning clouds. Cool.
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.
BEING an adult is nice. You make your own money and you decide how to use it.
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.
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.
The jurisdiction of South Africa’s competition authorities is being questioned by some of the banks implicated in an alleged foreign exchange cartel.
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.
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 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.
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’s central bank increased the amount of foreign exchange that gold companies can retain after a shortage forced some mines to close.
Industrial group eNX thought hedged ahead of "certain political events" in December. It ended up costing 20% of its net profit.
The South Africa Reserve Bank has fined five foreign exchange dealers for poor anti-money laundering controls aimed at combating criminal activities.
Active managers can truly perform if they focus on emerging markets. How can investors capitalise on this?
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.
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.
For evidence of collusion, South Africa’s antitrust boss needn’t stray far from his Pretoria office.
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.
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.
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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