S. Africa Fines Building Companies for World Cup Collusion
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South Africa’s antitrust body fined 15 construction companies a combined 1.46 billion rand ($140 million) after an investigation into collusion over contracts such as those to build stadiums for the 2010 Soccer World Cup.
The Competition Commission investigated 140 projects in both the private and public sectors over almost four years and has reached a settlement with 15 of 18 companies, members of the body said in Pretoria today. The building or expansion of six World Cup stadiums including Cape Town’s 4.5 billion rand, 68,000 capacity Green Point venue were part of the probe.