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Bid Rigging

  • Earnings rocket at Group Five
  • Group Five released its annual results today. The company posts a profit after its struggles last year. Let's have a closer look at what the results revealed… Construction company, Group Five, “returned to profit in the year through June,” reports IOL. This is mainly down to growth in its order book and the closure of “an unprofitable Middle East unit”. The firm reported “an 88% r... ››› more
  • [12 August 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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