Construction cartel: Firms agree to pay R1.5bn to fund

2016-10-20 17:49

Seven listed construction companies with a collective annual turnover of R9bn per annum will make generous contributions into a state developmental fund.

ArcelorMittal in new steel pricing deal after R1.5bn fine

2016-08-23 20:36

ArcelorMittal, which was fined a record R1.5bn, has agreed to a new pricing model in South Africa aimed at bolstering the local steel sector and reviving the economy.

SA banks face hefty fines over forex rigging

2015-06-09 07:59

The Competition Commission may impose some of its highest fines yet after its investigation on the suspected currency-rigging by global and local banks.

Construction still reeling from 2013 collusion

2014-09-23 09:29

Collusion in the construction industry has undermined efforts towards social and economic transformation, says Deputy Labour Minister Patekile Holomisa.

Construction needs clean ethics, says CEO

2013-02-06 19:19

In the wake of tender-rigging claims, Aveng CEO Roger Jardine says the building sector needs integrity if it is to thrive and create jobs.

Rate probe turns to four major banks

2012-07-19 16:38

Regulators are focusing on at least four of Europe’s biggest banks as they investigate the attempted manipulation of the region’s benchmark interest rate.

Gautrain under investigation

2011-12-04 14:06

The Competition Commission may probe possible collusion between Gautrain and the Airports Company of SA in the matter of parking services.


Competition Commission raids shipping companies suspected of collusion

2016-09-28 18:07

The Competition Commission has carried out a search and seizure operation at six global shipping companies on suspicion of price fixing and collusion.

Vehicle glass firms raided over alleged collusion

2016-03-23 15:03

The Competition Commission has raided the offices of Shatterprufe, PG Glass, Glasfit and Digicall for alleged collusion.

Construction firms face collusion charges

2014-11-12 13:31

SA's top construction firms colluded over stadium contracts for the 2010 World Cup, says the Competition Commission, paving the way for possible prosecution.

IT giants dock up $325m in collusion suit

2014-05-25 13:58

Four major Silicon Valley firms have agreed to pay $324.5m to settle claims from employees who accused them of colluding not to poach each others talent.

Cape Town stadium construction probed

2013-02-04 08:38

The Hawks are probing allegations that the City of Cape Town was overcharged for Cape Town stadium through collusion by construction companies, a report says.

Building bigwigs in bid-rigging probe

2012-07-06 10:22

If found guilty of collusion and bid-rigging, SA's big five construction companies could be banned for up to 10 years from public sector work, a report says.

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