Date: Aug 13, 2018
The Competition Tribunal refused an application to have a complaint against companies implicated in price fixing and collusion for R240m in Eskom tenders dismissed.
The tribunal released a statement over the weekend in which it named at least seven entities that made arrangements where joint ventures were formed to submit bids on behalf of each other to score more Eskom work.
This comes after the Competition Commission started investigating following a complaint by Eskom in 2016. However, Eskom withdrew the complaint in 2017, but the Competition Commission decided to continue its probe.
“It (the commission) found that Waco Africa, through its division SGB Cape, reached bilateral agreements with Tedoc Industries, Mtsweni Corrosion Control and Superfecta Trading 159 to form and three joint ventures, namely Tedoc SGV JV, Superfecta SGB JV and Mtsweni SGB JV.
