File photo taken on April 7, 2016 shows South African President Jacob Zuma tries a VR device provided by Amalgamated Banks of South Africa (ABSA) during the launch of the eChannel Pilot Project of the Department of Home Affairs at Gallagher Convention Center in Midrand, near Johannesburg, South Africa. The South African government is prepared to act against market abuse, price-fixing and collusion in the private sector in order to protect the country's economy, President Jacob Zuma said on Feb. 16, 2017. Zuma was speaking after the Competition Commission announced on Wednesday that it has concluded an investigation into price fixing and market allocation in the trading of foreign currency involving the South African rand, covering the period from 2007, and found that some banks have a case to answer. The Commission decided that it will take 17 banks operating in South Africa to the Competitions Tribunal for prosecution on charges of collusion. (Xinhua/Zhai Jianlan)
