Rand manipulation takes centre stage in a powerful recent Op-ed by Dr Ntokozo Mahlangu, Strategic Board Advisor at The DaVinci Institute, published in IOL. In the piece, Dr Mahlangu examines how the manipulation of the rand impacts South Africa’s economic sovereignty and explores the legal and financial implications of holding foreign banks accountable.
In his article, “Manipulation of the rand, the banks, and the test of our sovereignty,” Dr Mahlangu unpacks the high-stakes Constitutional Court case that will determine whether foreign banks can be prosecuted for influencing the rand’s value.
He highlights how currency manipulation affects everyday South Africans — from rising fuel and food prices to the erosion of savings, and argues that foreign financial institutions must be held to South African law when their actions impact local markets.
This critical piece raises pressing questions about jurisdiction, accountability, and the integrity of the financial sector in a globalised economy.
Read the full article here: IOL
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