South Africa's private sector has no interest in developing the country and wants "to ensure that the government collapses", Minister in the Presidency Khumbudzo Ntshavheni has said.
Ntshavheni was alluding to British multinational Standard Chartered's admission to manipulating the dollar-rand exchange rate and agreeing to pay a R42.7 million fine.
Speaking at a post-Cabinet briefing in Tshwane on Monday, Ntshavheni reacted to the Competition Commission's 15 November statement that it was prosecuting 28 local and international banks for fixing bids, bid-offer spreads, the spot exchange rate, and the exchange rate.