Construction company WBHO got off lightly for collusive tendering. But co-accused, Murray & Roberts's Concor company, will not be as lucky.
The state has been caught between a brick and a hard place in its crackdown on long-running cartels in South Africa’s construction industry.
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 posted a drop in full-year profit on Wednesday as lower volumes and falling steel prices hit its manufacturing and processing business.
WBHO posted a 27% rise in full-year headline earnings per share and said on Monday it plans to continue seeking expansion opportunities.
Construction firm WBHO posted a 78,2% jump in first-half headline earnings per share (EPS) on Monday, and said full-year results would be solid.