Construction, Energy and Infrastructure (1449)
The spotlight has fallen on auditors who signed off financial statements of JSE-listed construction companies that paid millions to bribe competitors to submit losing bids for tenders.
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The competition tribunal may have confirmed the R1,46bn in penalties for 15 construction firms which admitted collusive tendering, but serious questions remain.
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Over R200 billion has been injected into the economy by the South African government last year, Statistics South Africa (Stats SA) said on Wednesday
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African Development Bank denies that the bank is investigating possible collusion by construction companies in bank-financed projects in SA.
Construction companies hit with a collective R1.46bn fine for bid-rigging and collusion have been warned they face the prospect of further sanctions, including possible disqualification from state tenders.
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South Africa’s largest investor, the Public Investment Corporation (PIC), says construction firms recently fined R1.46bn for colluding to fix tenders for soccer stadiums, roads and other major projects, should claw…
WALK into the shimmering offices of Murray & Roberts, Wilson Bayly Holmes-Ovcon (WBHO) or a dozen other construction firms, and one word you won't see emblazoned on their mission statement…
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Werksmans Attorneys director Paul Coetser says the Construction Fast Track Settlement Process has worked well.
The Competition Commission has reached a settlement with 15 construction firms, who have agreed to pay fines to the tune of R1.46 billion for collusive tendering.
South Africa, with its vast renewable energy resources such as solar power, has the potential to become one of the world’s fastest growing economic hubs, according to Deputy President Kgalema…
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Building projects in the Coega Industrial Development Zone (IDZ) have injected over R1.2bn into the Nelson Mandela Bay construction industry over the past two quarters.
Engineering and construction company Aveng Group has shown that the best way to make headway in the industry is to diversify geographically.
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Poor airport infrastructure characterised by uneven development and lags in growth, as well high user charges are among challenges hindering growth in Africa
Google injects R100m investment in the Jasper Power Project, a 94MW solar photovoltaic plant in the Northern Cape province of South Africa.
Energy Minister Dipuo Peters has lauded the first solar energy farm in the North West, saying that the community can already see the plant will contribute to the betterment of…
Ten potential special economic zones, at least one in each province, had been identified and would be subjected to feasibility studies in the coming months, Trade and Industry Minister Rob…
The suggestion that CEs of construction companies should sign a contract to make them personally liable in cases of collusion has been slated by the industry as a step too…
With the government set to push ahead with tolling in Gauteng in July and a new fight looming in the Western Cape, the South African National Roads Agency (Sanral) has…
City Power MD Sicelo Xulu brushes aside doubts that smart metering will solve Johannesburg’s problem of billing estimates, saying the utility will continue to invest in new technologies to reduce…
The FNB/BER building confidence index rose for the second consecutive quarter. The index gained 5 points, from 32 to 37 during 1Q2013. This is the highest reading since 2010.
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