A PYMNTS Company

South Africa: Massive construction bid-rigging probe continues

By  |  February 8, 2013

According to reports, South Africa’s Competition Commission has released a statement informing the public of its ongoing investigation into alleged big-rigging within the construction industry. The probe, called the “Construction Fast Track Settlement Project (CSP)” officially began on the first of this month. When initiated, the Commission invited construction firms to enter into its leniency program and disclose information on bid-rigging in exchanged for reduced penalties. After the first phase of the project, 301 projects and tenders were identified as possible targets of bid-rigging.

    Get the Full Story

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

    yesSubscribe 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: Fin24

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