Cutting corners while balancing construction pressure and tight deadlines can be fatal
Those construction firms that did not accept culpability and settle when accused of collusive tendering now face an unforgiving Competition Tribunal.
Construction company WBHO got off lightly for collusive tendering. But co-accused, Murray & Roberts’s Concor company, will not be as lucky.
Construction company Aveng has explained how it held executives and employees involved in anti-competitive behaviour accountable, says a report.
Industrial minerals and construction materials supplier Afrimat says revenue grew 38.8% to R931.9-million for the interim period to August.
Adcorp has put in an offer to buy 100% of Labour Solutions Australia, saying the final consideration would depend on the company’s earnings.
The state’s failure to get its infrastructure plans off the ground is frustrating industry.
The South African construction industry has major delivery issues that need to be fixed, says Public Enterprises Minister Malusi Gigaba.
Business confidence is on the rise, according to the First National Bank/Bureau for Economic Research building confidence index.
A road in the North West that is just 50km long has so far cost almost R5-million per kilometre to build and after four years is still unfinished.
Group Five has reported a return to profit in its annual results to June 2013, citing growth in its order book as one of the reasons.
The laws do not solve basic issues for small black firms – such as access to capital.
We discuss how it is almost impossible to deal with collusion once and for all, and that despite clampdowns, cartels are likely to continue.
Despite continuing clampdowns, cartels are likely to continue, experts in anti-competitive behaviour, economics and business ethics warn.
A R4.7-billion construction cabal was brought down by one player refusing to pay the others their dues.
The two-day sitting of the competition tribunal hearing revealed the extent of the collusion within the construction sector between 1999 and 2009.
Salga has asked for access to the full records of agreements between the Competition Commission and 15 construction companies.
Apparently, noble construction company bosses were just looking out for us when they fixed prices. Thanks, guys.
Project management with steel toes and hard hats may sound intimidating, but it’s a rewarding and challenging industry with plenty to offer.
Two executives linked to the construction price-fixing scandal remain at their posts. Chantelle Benjamin reports.
