A PYMNTS Company

South Africa: 21 firms admit to construction bid-rigging, 22 more penalized

By  |  April 23, 2013
South Africa: 21 firms admit to construction bid-rigging, 22 more penalized

A total of 21 construction firms have reportedly admitted to rigging bids of contracts, while an additional 22 companies will face penalties for not heading to a Competition Commission request for information about the case. While the companies have not been named, details have emerged that 131 projects were subject to the bid-rigging scheme, with contracts involving the building of various infrastructure including damns, mines and shopping centers. The companies are now set to sign a Consent Agreement in May, while their identities will be revealed in the weeks following.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: SA Commercial Prop News

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.