Audio By Carbonatix
A hearing into "shameful" collusion by construction companies that led to bid rigging and price fixing on 2010 World Cup projects opened on Wednesday, tarnishing the legacy of South Africa's historic tournament that was initially praised as a glowing success.
A tribunal is being asked to confirm fines totalling 1.46 billion rand ($147 million) for 15 companies which agreed to "rigged" projects in the general construction industry in South Africa between 2006 and 2011.
Work on World Cup stadiums is included in the findings by the Competition Commission, which revealed wrongdoing by the country's biggest building firms.
A lawyer representing the commission said there was "a shameful pattern of collusion" by the companies, leading to inflated prices on projects like the $730 million Cape Town Stadium.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
‘Our missing players are more important’ – Gambia coach fires shot at Ghana
44 minutes -
Today’s front pages: Tuesday, September 29, 2026
47 minutes -
Ghana ‘showing up differently’ on global stage – Joyce Bawah Mogtari
1 hour -
Ghana’s tuna industry in crisis as 20 hook-and-line vessels collapse
2 hours -
South Tongu MP launches apprenticeship programme for 159 young people
2 hours -
The Pusiga connection behind Gertrude Atongi’s work in New York
3 hours -
Teachers took promotion exams in December to beat government clearance deadline – GNAT
3 hours -
NPA launches 2026 staff welfare week with focus on teamwork and employee wellbeing
3 hours -
Ghana, Saint Kitts and Nevis sign labour deal to strengthen protections for Ghanaian nurses
3 hours -
Delayed promotions put teachers’ retirement benefits at risk – GNAT
3 hours -
No ‘Bawumia candidates’ in NPP executive elections – Anthony Karbo
3 hours -
Over 3,000 displaced as flooding overwhelms Hohoe communities
3 hours -
Sunyani East NPP executives begin reconciliation drive ahead of 2028 polls
3 hours -
Agric Minister engages Ga Mantse on agriculture transformation agenda
3 hours -
Aayalolo expansion targets private car users, not trotro operators – Mahama Ayariga
3 hours