Blood
Political parties bay for rogue bankers’ blood
Nov
Political parties and activists have lobbied the government to take drastic steps against the bank cartel responsible for the currency manipulation scheme.
They argue the rogue cartel has caused inflation, devalued the currency, and caused job losses. The government has also been urged to impose stricter regulations on banks to prevent similar future activities.
The man who originally blew a whistle on rand price fixing in 2001, Kevin Wakeford, said currency manipulation would not have succeeded without “some level of complicity involving people in power”.
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