South Africa: ANC Statement On the Conclusion of the Competition Commission Case in the Construction Industry

[ANC]Today, 24th June 2013, the Competition Commission announced that it had reached settlement with 15 Construction companies accused of collusion in the Construction Industry. Penalties of R1.46 billion were levied against the companies affected. The ANC is aware that the matter is still to be filed with the Competition Tribunal and we trust that process will confirm an order with a settlement consumerate to the acts committed.