Sp@ces Presents

🇿🇦 is proud of you @dricusduplessis 🎊 #UFC297

New beginnings, ventures, and projects are always welcome in the new year. #HappyNewYear @SpacesPresents family. #HappyNewYear2024

"Love each other and lead with compassion. Remember, don't be part of cartels." - #TheFlipside's @AldrinSampear x.com/i/spaces/1OwGW…

"The SAn rand is the most traded currency in the emerging markets." CompCom's Head of Cartel, Makgale Mohlala on #TheFlipside

@SpacesPresents Question: What is Mr Mokgale's institution's prayer with the litigation? And what is the worse that can happen to the traders?

@SpacesPresents To Mr Mokgale do you think the monopolizing of banks make it easier for these banks to do what they have done.

@mhlonishwams @AldrinSampear

".....There has been a manipulation. This is why we want banks to answer." CompCom's Makgale Mohlala unpacking the Rand - Dollar fixing on #TheFlipside

"What you see on your screen during the business market bulletin is influenced by what is happening in the backroom." - CompCom's Makgale Mohlala on #TheFlipside

"The way it works is that there is a front desk that takes orders. " - Makgale Mohlala on #TheFlipside

"Skewing the currency means to redirect it. " Makgale Mohlala on #TheFlipside

"There are innocent people who don't know that there is a group of people who influence where the currency must go." - Makgale Mohlala on #TheFlipside

"These guys buy and sell money. That's what they do." ' Makgale Mohlala on #TheFlipside

"The information that we used to draw that conclusion that it started in 2007, we got it from Barclay's ." - Makgale Mohlala on #TheFlipside

"We identified more names as part of our investigation." - Makgale Mohlala on #TheFlipSide

Azishe

The Rand-Dollar fixing. The @CompComSA joins us this evening to explain its case against 28 Banks for manipulating the Rand-Dollar pairing. Two Banks, City Group and Standard Chartered has paid settlement fines amounting to a combined R110 million #TheFlipside w/ @AldrinSampear.