South Africa’s Competition Tribunal has ordered antitrust investigators to rewrite charges of currency manipulation against banks, drawing out a legal battle four years in the making. While rejecting bids from lenders to have the case dismissed, the Tribunal found deficiencies in referrals prepared by the Competition Commission and gave the body 40 days to redraft its accusations. “The commission would still need to allege that the conduct of the respondent banks had an effect in South Africa,” the Pretoria-based Tribunal said in an emailed statement on Wednesday. It should also confine its case against the ... (full story)