Media Advisory – 13 November 2014 – 2010 FIFA World Cup Stadia Referral

MEDIA ADVISORY

13 November 2014

2010 FIFA World Cup Stadia Referral

The Commission yesterday, 12 November 2014, referred to the Competition Tribunal, a case of collusive tendering in respect of tenders for the construction of 2010 FIFA World Cup stadia against WBHO Construction (Pty) Ltd, Group Five Construction Ltd, Stefanutti Stocks Holdings Limited and Basil Read (Pty) Ltd.  Murray & Roberts Limited has been granted leniency in respect of this conduct.

The Commission’s investigations found that these firms colluded when bidding for tenders for the construction of 2010 FIFA World Cup Stadia by, among others, allocating tenders among themselves and agreeing on profit margins to be achieved from these tenders in contravention of section 4(1)(b)(iii), alternatively 4(1)(b)(i) or 4(1)(b)(ii) of the Competition Act 89 of 1998, as amended.

The Tribunal will now set a date for the case to be heard, where the Commission will lead evidence on the matter. In the referral, the Commission has asked the Tribunal to confirm that the above firms have contravened the Act, and to impose a maximum administrative penalty of 10% of their respective turnover.

Click here for a full record of the referral.

ENDS

For more information:

Mava Scott, Spokesperson

012 394 3527/ 076 095 2350/ MavaS@compcom.co.za

 

Themba Mathebula, External Communication Coordinator

012 394 3325/ 084 896 0860/ thembama@compcom.co.za

 

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