Answered

RAND
FIXING
FNB
(absa)
Z
You are required to research the above topic under the following:
2.1 Describe the aims or objectives of the competition policy and the role of Competition
Act bodies.
(15)
(1
2.2 Rand manipulation involves specific firms that have violated the Competition Act of
South Africa.
Explain how these firms have violated the Act and the reason why these firms
manipulated the rand.
What measures were taken by the Competition Commission to address rand
manipulation and the outcome of the investigation (penalties or fined imposed).



Answer :

GinnyAnswer

Final answer:

Firms manipulate the Rand by violating the Competition Act, facing penalties for unfair practices.


Explanation:

Rand manipulation by specific firms violating the Competition Act in South Africa involves actions such as collusion to manipulate currency valuation for their benefit. These firms engage in illegal practices to gain an unfair advantage, impacting the market.

The Competition Commission takes measures like investigations, imposing penalties, or fines on the guilty firms to address rand manipulation. This ensures enforcement of the Competition Act to maintain fair competition.


Learn more about Competition Act violations and Rand manipulation here:

https://brainly.com/question/28206344


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