The economic development minister says government is seeking a restitution package from colluding construction firms following a R1.5-billion fine.
Construction company Aveng has explained how it held executives and employees involved in anti-competitive behaviour accountable, says a report.
A scarcity of engineers forced the company to take muted punitive measures over collusion.
Former Aveng chief Roger Jardine says there needs to be greater transparency in government tender systems to lessen opportunities for collusion.
Aveng chief executive Roger Jardine says he is stepping down following an investigation process which he found very taxing.
Government has an R808-billion arsenal which it plans to use on maintaining and improving the country's infrastructure over the next three years.
Aveng will pay a fine of R128,9-million relating to two cartels in the wire mesh and rebar business, the Competition Commission says.
As acid mine drainage threatens some of South Africa's major cities and waterways, technology providers are looking for cost-effective solutions.
Aveng, Africa's largest builder by market value, posted an 8% drop in full-year profit, hit by lower demand for construction projects.
Companies involved in a mining roof bolts cartel are being brought to book by the Competition Commission.
Aveng said on Wednesday its two year-order book rose by 8% to R32,7-billion despite construction projects related to 2010 World Cup coming to an end.
Aveng posted a drop in full-year profit on Wednesday as lower volumes and falling steel prices hit its manufacturing and processing business.
Construction and engineering group Aveng has been fined R46,3-million -- in terms of a consent agreement -- for collusion, it was reported on Friday.
The JSE was taking a breather on Tuesday after its recent strong rally, which took the bourse to successive record highs, as some profit-taking set in. However, earlier the all-share index hit yet another fresh record high when it touched 33 263,148. At noon, the JSE's all-share index was down 0,88%.
The JSE remained firm by midday on Friday, with a trader saying that the market was consolidating after hitting record levels earlier this week. Starting from Wednesday, the bourse had two consecutive days of hitting all-time highs, but failed to close at its record peak of 32 130,75 points.
The JSE was trading just off its new record high by midday on Thursday as world markets and resources continued to add support. In the morning session, the bourse broke through Wednesday's record and hit a fresh high of 32 127.051 points. By midday, the all-share index had gained 0,8% to 32,112,15 points.
Firmer global equities started to give the JSE support during the morning session on Friday, lifting the broader all-share index 0,91% by noon. Traders said that resource counters were also underpinning gains in the Alsi. By midday, the JSE's resources index collected 1,59%. The platinum-mining index strengthened 3,07% and the gold-mining index advanced 1,25%.
The JSE was looking lifeless at midday on Tuesday, as there was no real driver to push the market in either direction, traders said. By 11.59am, the JSE's broader all-share index had shed 0,1%. The gold mining index dropped 3,14%, resources fell 1,48% and the platinum mining index declined 0,55%.
The JSE continued to be haunted by fears of a United States recession, which sent most heavyweight stocks on a selling spree by midday on Monday. Adding to the negative sentiment was a pull back among local resource heavyweight counters, traders said. By noon, the JSE's broader all-share index had fallen 1,75%.