Tribunal approves Aveng’s immunity from an administrative penalty
The Competition Tribunal has confirmed a consent agreement between construction company Aveng and the Competition Commission, which will give Aveng immunity from an administrative penalty.
The matter had been delayed for the commission to make changes to the consent agreement to include some companies which have not been listed in one of the contraventions listed in the agreement submitted to the tribunal.
Aveng was the first company to apply for immunity when the commission launched its fast-track project on February 1, 2011, and it concluded an agreement with the commission for various projects.
The fast-track process by the commission gave companies in the construction industry an opportunity to settle with the commission on favourable terms.
In return for conditional immunity, Aveng disclosed its participation in collusive tendering in a number of projects between 2004 and 2007. The commission has confirmed that Aveng has complied with the requirements set out in the leniency policy.
The projects are: the development of land for the Goedgevonden crushing project; BKM processing plant project; BKM export rail line project; Tambothi project; Pany Cove block of flats in Mossel Bay; Komati chimney project; rehabilitation of N2 Gamtoos to Van Staden bridge; rehabilitation of national road Colesberg to Springfontein, a project at South Deep mine; Hartebeesfontein water works project; and Transnet railway maintenance tenders.
The tribunal confirmed the agreement on condition that Aveng continued to cooperate with the commission.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation