https://newsletter.en.creamermedia.com
Building|Construction|PROJECT
Building|Construction|PROJECT
building|construction|project

GVK to pay R6m administrative penalty

28th May 2019

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

Construction company GVK-Siya Zama has admitted to collusion and agreed to pay an administrative penalty of just over R6-million, the Competition Commission said on Tuesday.

GVK was charged with price fixing, market division and collusive conduct in the construction industry in contravention of the Competition Act.

This matter is one of the remaining cases under the broader construction cartels investigation that was initiated in 2009, the commission said.

The commission stated that GVK had, between 2008 and 2010, entered into an agreement with various other industry players to collude on tenders for the construction of a hospital, a shopping mall and a warehouse and office building project.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.273 0.37s - 191pq - 2rq
Subscribe Now