Competition Tribunal is today due to confirm an immunity agreement JSE-listed construction group Aveng struck with the Competition Commission.

Thursday, 20 October 2016 14:09

Murray and Roberts joins voluntary deal

Murray & Roberts opts to participate in a R1.25bn 'voluntary' settlement agreement between construction companies.

Construction groups say they will collectively pay R1.25bn to accelerate transformation in the country's construction sector in settlement of collusion claims in the industry.

The joint venture has acquired 28ha of Waterfall land from Attacq and an additional adjacent 100ha from the Mia family, securing a total of 128ha of usable land on the eastern side of the N1 freeway and south of the Allandale interchange.

Construction investors, starved of good news, were impressed by Wilson Bayly Holmes-Ovcon’s trading statement.

Construction firm Murray & Roberts is slapped with another multimillion-rand fine for involvement in collusive tendering in the buildup to the 2010 Fifa World Cup.

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

Saturday, 23 August 2014 13:42

Group Five wins R4bn Ghana deal

Group Five is awarded a R4bn engineering, procurement and construction contract by Ghanaian energy group Cenpower Generation.

South Africa's construction industry is not out of the woods yet, despite data pointing to an upward trend.

Monday, 09 December 2013 21:47

Construction sector set to turn corner

Business updates by construction firms show their order books have generally bulked up or remained stable.

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