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Construction Firms

  • Watchdog verdict: Prosecute construction cartel for bid-rigging
  • Following bid-rigging by construction firms over World Cup tenders and other projects, yesterday Corruption Watch said that directors of the firms who had knowledge of the collusion should face prosecution. At the end of June, 15 construction firms agreed to pay fines amounting to R1.46 billion by the Competition Commission. But it looks like this saga is anything from over… Yesterday, saw a h... ››› more
  • [18 July 2013]
  • Seven construction firms collude to agree on a 17.5% profit margin on World Cup tenders
  • After much publicity surrounding the construction ‘cartel's' bid-rigging, the Competition Tribunal published some documents relating to the investigation. Read on to find out more about what's going on… In documents published by the Competition Tribunal, “seven major construction and engineering firms met secretly in 2006 to allocate tenders” for projects for the World Cup, reports Fin24... ››› more
  • [16 July 2013]
  • R1.46 billion: That's how much bid-rigging cost 15 construction firms
  • The results of the Competition Commission's investigation into the construction industry are shocking. Today, it emerged that so far 15 firms have agreed to fines amounting to R1.46 billion for participating in collusive behaviour with other companies. Let's see what the investigation unearthed… Today, members of the Competition Commission confirmed that the body had “investigated 140 projec... ››› more
  • [24 June 2013]



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