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Price fixing in building probed

February 4 2013 at 10:35am

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ConstructionCrane

http://www.sxc.hu/

Johannesburg - A probe showed top construction companies fixed state and other contracts worth billions of rands, City Press reported yesterday.

Affidavits detail a decades-long, formal kickback and price-fixing racket that allegedly involved prominent names in the industry.

At least 11 affidavits were made by executives from Stefanutti Stocks - one of the country's biggest construction firms - to the Hawks serious economic offences investigator and the National Prosecuting Authority, the paper said. - Sapa


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