South Africa's Competition Commission has declined Standard Bank Group Ltd.'s request to release details of its investigation into currency manipulation. The refusal is the latest chapter in a saga that started in May 2015, when the commission alleged that firms including JPMorgan Chase & Co., BNP Paribas SA and Standard Chartered Plc colluded to rig the value of the rand.
South Africa's Revenue Service will launch legal proceedings against KPMG due to reputational damage caused by the auditor releasing details of a confidential report it produced for the tax agency, commissioner Tom Moyane said on Monday. FILE PHOTO: The KPMG logo is seen at the company's head offices in Parktown, Johannesburg, South Africa, September 15, 2017.
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