Collapsed Rand Investigated

The investigation into the collapse of the rand has started, with the Competition Commission targeting six major financial institutions implicated in currency manipulation. The commission confirmed that this probe would reveal the forces behind the depreciation of the currency in the last few years. Spokesperson for the Competition Commission Itumeleng[…]

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Zimbabwe to adopt Chinese yuan currency

Zimbabwe plans to adopt the Chinese yuan as legal tender in return for debt cancellation worth about $40m – a move one economist predicted “has no future at all”. China has become the largest investor in Zimbabwe, which has been shunned by the West over its human rights record and[…]

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