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Busting collusion

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Johannesburg - A driver for social justice is the brains behind the push to punish powerful local conglomerates that seek to cheat unsuspecting customers.

In the past few weeks, the country has been shocked by allegations of collusion between international and local banks, where currency traders allegedly fixed prices and divided the market.

The commissioner for the Competition Commission, Tembinkosi Bonakele (40), this week told City Press that he was born in Mtyolo village, near King William’s Town in the Eastern Cape, to a family of modest means.

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