Several SA banks  are accused of manipulating the foreign exchange rate between the US dollar and the Rand

The Constitutional Court is hearing submissions from the Competition Commission.This relates to its bid to overturn a ruling that cleared major banks of wrongdoing in a decades-long rand fixing case. The court is due to hear four days of legal arguments in the matter stemming from allegations that the banks were manipulating the foreign exchange rate between the US dollar and the Rand. This appeal seeks to overturn a January ruling by the Competition Appeal Court (CAC), which sided with most of the banks accused of price-fixing, allowing them to escape the allegations. For more we spoke to our reporter Nosipho Radebe.