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South Africa: Four firms accused of Eskom tender collusion

 |  February 11, 2018

Four companies have been referred for prosecution in the Competition Tribunal for price fixing and tender collusion involving a 4.5 billion South African rand (US$373.8 million) Eskom  tender.

It follows a complaint lodged by Eskom and a subsequent commission investigation into collusive tendering for work to be done at Eskom’s 15 coal-fired power stations.

The companies involved are: SGB Cape, Tedoc Industries, Mtsweni Corrosion Control and Superfecta Trading.

The Competition Commission’s Sipho Ngwema said “SGB Cape entered into a number of joint ventures with the company that we are prosecuting them with. It was to create fictitious tendering so that they could, in the end, get the tender.”

Full Content: Fin 24

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