
Appeal on appeal: Competition Commission shows its tenacity in rand-fixing case
The appeal will leave it up to the Constitutional Court to decide whether the competition authorities can investigate and prosecute foreign-based firms.

The appeal will leave it up to the Constitutional Court to decide whether the competition authorities can investigate and prosecute foreign-based firms.

Investec has expressed its readiness to present its case in the Competition Tribunal after the Competition Appeal Court dismissed the rand-fixing case against several banks, including Standard Bank, FirstRand, and Nedbank, this week.

National Treasury will introduce the COFI Bill ‘very soon’ and amend the Financial Markets Act to tighten regulation of the country’s financial markets.