The ANC "takes an extremely dim view of the activities of the listed banks, understanding the banking sector as being instrumental to our quest for economic growth and development", he said.
The profit-driven assault on the South African rand through such collusion and corruption by the banks flies in the face of efforts by the South African nation to prosperity for all, said Kodwa.
It is further an indication of how the markets are and can be manipulated by dominant oligopolies to cripple its functioning to suit their nefarious agendas, he added.
The ANC said it will closely follow the developments in this case and calls for the Competitions Tribunal to level against the banks the harshest possible sanction where they are found guilty; serving as a deterrent to any other players in any other industries involved in similar activities.
【国际英语资讯:Government ready to act against market abuse: Zuma】相关文章:
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