Photo by: Duane Daws
The Competition Tribunal on Wednesday confirmed the R149 429.31 collusion settlement agreement between the Competition Commission and Giuricich Coastal Projects.
The construction company had admitted to colluding with competitors on a 2008 project for the construction of a parking lot garage at the premises of Unilever South Africa in Umhlanga, Durban.
The tribunal noted that this was a project the Competition Commission had started investigating prior to initiating its fast-track process in the construction industry and, therefore, this case did not fall within that process.