The South African Reserve Bank views the allegations that have been referred to the Competition Tribunal for prosecution in a very serious light and is of the view that those found to have violated the law should accept full responsibility for their actions and be held accountable, and corrective measures should be implemented.
It is also important, however, that we do not jump to conclusions and allow the steps now initiated to be completed following due process. A resolution of this matter, without undue delay or prolonged  11  uncertainty, is in the interest of our financial markets and banking system, as the allegations also involve a number of large and systemically important South African banks.