Speculative rand trading under scrutiny

NEWS

JOHANNESBURG -- A commission set up by the South African government will have a hard time proving the rand’s fall last December was due to speculative trading, market participants told FX Week.

Headed by former judge John Myburgh, the commission is charged with deciding whether any transactions that took place last year contributed to the rand’s decline, and whether any of these transactions were illegal, unethical, or resulted in improper gain to the parties involved. All FX trades in South