Johannesburg - The Construction Industry Development Board (CIDB) has finally appointed the investigating team that will probe transgressions of its regulations and code of conduct by the 15 firms that admitted their involvement in collusion and bid-rigging and collectively agreed to pay R1.46 billion in fines.
CIDB spokeswoman Kotli Molise confirmed on Wednesday that the CIDB had “only just completed the procurement process in the past week” for the appointment of the investigating team. However, she said the CIDB was not able to name the team members.
The then acting CIDB chief executive Hlengiwe Khumalo told Business Report last year the board was in the process of appointing the investigating team in terms of the CIDB regulatory framework, and the investigation would commence as soon as the Competition Commission report was made available to the CIDB after the tribunal had granted the order.
The Competition Tribunal in July confirmed the provisional consent settlement agreements reached between the commission and Wilson Bayly Holmes-Ovcon (R311.28 million), Murray & Roberts (R309m), Stefanutti Stocks (R306.89m), Aveng (R306.57m), Basil Read (R94.9m), Raubex (R58.8m), Haw & Inglis (R45.3m), Rumdel Construction Cape (R17m), Giuricich Bros Construction (R3.55m), Vlaming (R3.4m), Tubular Technical Construction (R2.6m), G Liviero & Son Building (R2m), Hochtief Construction (R1.3m), Norvo Construction (R714 897) and Esorfranki (R155 850). - Business Report