The Competition Commission has referred a collusion case to the tribunal for prosecution against 17 banks. The commission has been investigating a case of price-fixing in the trading of foreign currency involving the rand since April 2015. The banks include Absa, Standard Bank, Barclays, Bank of America, Merrill Lynch, BNP Paribas, JP Morgan Chase, Investec, HSBC Bank, and Credit Suisse. The Commission is seeking an order forcing the banks to pay an administrative penalty equal to ten percent of annual turnover. Tsepiso Makwetla speaks to Director and chief economist at Econometrix Dr Azar Jamine, for his pespective