Construction giant Murray and Roberts’ CEO has issued an apology to South Africans. The firm is one of 15 companies fingered by the Competition Commission for collusion in the construction industry. Source: enewschannel
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...
Pictured: Tumi Dlamini, executive director of MBSA, says MBSA further supports the construction firms’ cooperation with the Competition Commission to make the full and truthful disclosure of bid rigging that took place in the industry The...
The Competition Commission has reached settlement with 15 construction firms for collusive tendering, in contravention of section 4(1) (b) of the Competition Act. The firms have agreed to penalties collectively totalling R1.46billion. The...
The Competition Commission says it does not have any evidence that the Treasury’s R5bn guarantee for South African Airways (SAA) amounts to anticompetitive conduct, and has therefore decided not to investigate its distorting effect on the industry....
Construction companies, including the sector’s top listed firms, found guilty of collusion and bid-rigging by the Competition Commission will be barred for up to 10 years from doing public sector work. This could exclude Aveng, Group Five, Murray...
The Competition Commission’s recent decision to prevent the centralised publication of cement usage statistics on the grounds of alleged collusion by the cement manufacturers, has robbed the construction industry of the most up-to-date...
