South Africa’s competition commission has levied its highest ever fines against 15 construction companies. R1.46 billion rand will be paid by these orgnaisations after admiting anti-competitive practices. The investigation, first announced in 2011, uncovered hundreds of cases of bid-rigging in public and private sector projects worth an estimated 47 billion Rand, including stadiums built for the 2010 soccer World Cup.

Source: sabcdigitalnews