'10% rand rigging fine for banks is peanuts'

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Cape Town - There is a loud call from political players for urgent change in the financial services sector in the wake of a rand rigging scandal by major banks.

The African National Congress (ANC), tripartite alliance partner South African Communist Party (SACP) and the Economic Freedom Fighters (EFF) want the industry to undergo transformation.

READ: Rogue traders or bank collusion?

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Rand - Dollar
14.25
+0.3%
Rand - Pound
19.83
-0.4%
Rand - Euro
16.98
-0.2%
Rand - Aus dollar
10.73
-0.3%
Rand - Yen
0.13
+0.3%
Gold
1,784.77
+1.1%
Silver
26.01
+0.8%
Palladium
2,566.00
+4.0%
Platinum
1,055.00
+1.6%
Brent Crude
73.51
+0.6%
Top 40
59,472
-0.1%
All Share
65,564
-0.1%
Resource 10
61,142
+0.3%
Industrial 25
87,978
+0.0%
Financial 15
12,871
-1.0%
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