Political Analysis: Standard Chartered Bank admits to manipulation of the rand.

Last week, the Competition Commission fined British multinational bank, Standard Chartered, R42 million after it admitted to engaging in currency manipulation. This evening on political analysis we talk about the manipulation of the rand and dollar by the banks and Standard Chartered banks admission of guilt in this crime and settlement. How do they manipulate the currency, what does this mean for the economy and how far does the rot go? To unpack this we’re joined by Patrick Mathidi, Head of Equity and Balanced Funds at ALUWANI Capital Partners.See omnystudio.com/listener for privacy information.