Competition Law Alert: Competition Commission Invites Construction Firms to Come Clean
2/02/2011

The Competition Commission is investigating 65 bid-rigging cases in the construction sector, involving more than 70 projects worth about R29-billion.

According to the Competition Commission, it has uncovered anti-competitive conduct across the construction industry.

In an unprecedented move the Commission has announced a “fast track” settlement process in terms of which firms within the construction industry would be able to settle with Commission on financially favourable terms, provided that firms meet the requirements, including full disclosure and co-operation. The deadline for filing applications for “fast track” settlement is 15 April 2011.

The Competition Commission’s investigation comprise projects in the public and private sectors and stretches across the construction industry, including markets for construction products such as long steel, mining roof bolts, concrete pipes, plastic pipes, wire-mesh, reinforcing steelbar installation and pilings.


Adams and Adams
Competition Law Practice Group