Despite fines issued to 15 construction firms by South Africa’s Competition Commission, outcry over a widespread price-fixing scandal has yet to die down. Most recently, various towns in the nation announced they are looking for as much as $380 million in compensation from the collusion, which hiked prices of stadium and road construction contracts for the 2010 Soccer World Cup. One association involved in the movement, the South African Local Government Association, said Monday it is looking to claim “as much as we can” from the fined companies; the organization will hold meetings with various companies with intentions of settling the case out of court. The Competition Commission fined construction firms not only for contracts involving the 2006 stadium, but also for contracts of other stadiums, roads and various infrastructure between 2006 and 2009.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI