SA's top construction firms guilty of collusion
The Competition Commission says it's referred the cases to the Competition Tribunal of South Africa.
JOHANNESBURG - The Competition Commission says it's referred cases involving four of the country's biggest construction companies to the Competition Tribunal of South Africa after finding evidence they colluded while building stadiums for the 2010 Fifa World Cup.
The commission says its referring complaints against WBHO construction, Group Five, Murray & Roberts Holdings, Stefanutti Stocks Multidisciplinary Construction Group and Basil Read.
Commission spokesperson Mava Scott says, "There were projects that were disclosed in the process and for which companies settled. But there were those that were not disclosed and certain companies were implicated by others."
At the same time, the commission says it's asked the tribunal to levy fines of up to 10 percent of their 2010 turnover on the companies.
It says while some firms did reach settlements with the commission for some projects, not all of the companies agreed to settle for the projects in which it believes collusion occurred.
The commission says only Murray & Roberts was granted leniency for agreeing to a settlement.