Those construction firms that did not accept culpability and settle when accused of collusive tendering now face an unforgiving Competition Tribunal.
West Africa overtook East Africa in a construction boom that stretches the continent.
Construction company WBHO got off lightly for collusive tendering. But co-accused, Murray & Roberts’s Concor company, will not be as lucky.
Construction company Aveng has explained how it held executives and employees involved in anti-competitive behaviour accountable, says a report.
Industrial minerals and construction materials supplier Afrimat says revenue grew 38.8% to R931.9-million for the interim period to August.
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/ 31 October 2013
Adcorp has put in an offer to buy 100% of Labour Solutions Australia, saying the final consideration would depend on the company’s earnings.
The state’s failure to get its infrastructure plans off the ground is frustrating industry.
The South African construction industry has major delivery issues that need to be fixed, says Public Enterprises Minister Malusi Gigaba.
Business confidence is on the rise, according to the First National Bank/Bureau for Economic Research building confidence index.
A road in the North West that is just 50km long
has so far cost almost R5-million per kilometre to build and after four years is still unfinished.
Group Five has reported a return to profit in its annual results to June 2013, citing growth in its order book as one of the reasons.
The laws do not solve basic issues for small black firms – such as access to capital.
We discuss how it is almost impossible to deal with collusion once and for all, and that despite clampdowns, cartels are likely to continue.
A R4.7-billion construction cabal was brought down by one player refusing to pay the others their dues.
Despite continuing clampdowns, cartels are likely to continue, experts in anti-competitive behaviour, economics and business ethics warn.
The two-day sitting of the competition tribunal hearing revealed the extent of the collusion within the construction sector between 1999 and 2009.
Salga has asked for access to the full records of agreements between the Competition Commission and 15 construction companies.
Apparently, noble construction company bosses were just looking out for us when they fixed prices. Thanks, guys.
Project management with steel toes and hard hats may sound intimidating, but it’s a rewarding and challenging industry with plenty to offer.
Two executives linked to the construction price-fixing scandal remain at their posts. Chantelle Benjamin reports.
The SA Local Government Association has said it plans to claim as much as possible from construction companies that overcharged during the World Cup.
The Competition Commission’s orders against construction firms over graft has raised the ire of local governments, who are demanding their money back.
The commission’s limited prescription period means a lot of rot may have gone under the radar.
Fifteen construction firms have been ordered to pay penalties amounting to R1.46-billion for collusive tendering, says the Competition Commission.
Construction cartels, guilty of collusive practices could learn their fate as early as June, the Construction Industry Development Board has told MPs.
Despite big talk about government spending, companies are still waiting for it to happen.
The legal consequences of cartel activity on the part of powerful players in the construction industry are dire.
More than 60 companies may have fallen victim to industry collusion, opening the door to civil cases and related lawsuits.
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.
It is an industry rife with corruption, fraud, racketeering and collusion, all sanctioned by the leadership of SA’s biggest construction companies.
Recent results from South Africa’s biggest construction firms have made it clear that delays in issuing large tenders are hurting the sector.
The government is planning a new R2-billion town in President Zuma’s home village of Nkandla, and taxpayers will have to pick up half the tab.