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South Africa: World Cup construction collusion case drags on

By  |  November 12, 2014

Four South African construction companies accused of anticompetitive conduct involving contracts to build 2010 Soccer World Cup stadiums will face the Competition Tribunal to combat their fines, say reports.

The nation’s Competition Commission found Wilson Bayly Holmes-Ovcom, Group Five, Stefanutti Stocks and Basil Read to have colluded to rig the bidding process and allocate the contracts among each other. In total, authorities fined 15 companies a combined $130 million for various instances of anticompetitive conduct in the case; the four construction firms were fined an additional penalty for alleged collusion during one particular meeting.

It’s that additional fine the companies are challenging at the Tribunal this week, the Commission said Wednesday.

Full content: Businessweek

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