Construction price-fixing probe continues
The Competition Commission will take at least two months to complete the first phase of its probe.
JOHANNESBURG - The Competition Commission on Saturday said it will take at least two months to complete the first phase of their probe into a price-fixing cartel in the construction industry.
The commission said it is still in the process of investigating companies that applied for leniency after admitting to being complicit in corruption.
Some of the projects that were rigged include the construction of Johannesburg’s National Stadium for the 2010 FIFA World Cup as well as the Gauteng Freeway Improvement Project.
The commission's Trudi Makhaya said, “We are going to finalise our discussions with the companies involved. This will be a process of coming to agreement and as to the nature of the conduct, the type of charges involved and also the penalty that will be imposed.“
She said other companies, who have not come forward, will be investigated after April.
Makhaya added that such companies would be slapped with higher penalties.