Ex-fund manager found guilty of fraud for manipulating dollar/rand exchange rate
The prosecution’s case is that SA-born Neil Phillips engaged in a flurry of trades in the early hours of 26 December 2017 to force the rand below 12.50 to the dollar.
The decision addresses the recovery of VAT on payments made under loan cover provided free of charge.
Read moreThe prosecution’s case is that SA-born Neil Phillips engaged in a flurry of trades in the early hours of 26 December 2017 to force the rand below 12.50 to the dollar.
South African Reserve Bank Governor Lesetja Kganyago unpacks the risks to inflation and the country’s ability to surmount them.
Most of the bad news seems to be reflected in current market prices.
Many South African investors are obsessed with the exchange rate when making an offshore investment. Here’s why it’s less of a factor than you think.
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