Competition Commission refers the last case arising out of its investigation of bid rigging in the construction sector to the Competition Tribunal.

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.

The Competition Tribunal has confirmed the settlement agreement between the Competition Commission and Aveng after one of its subsidiaries was found guilty of cartel activity.

Consumers will be the winners after the Competition Commission's decision on Friday to prosecute the Institute of Estate Agents for price-fixing and contravening the Competition Act