BBCBE wants seven listed construction companies blacklisted

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A blacklisting will prevent any of these companies from doing business with the state, and deregistration will prevent them from trading as contractors. Moneyweb construction companynews

The Black Business Council for the Built Environment is demanding that the seven JSE-listed companies that are signatories to the Voluntary Rebuilding Programme settlement agreement* – reached with government following their involvement in collusion and bid-rigging in the building of stadia for the 2010 Soccer World Cup – be blacklisted by National Treasury. It is also demanding that the Construction Industry Development Board deregister the companies.

Construction mafia creates crisis by derailing infrastructure projects “The main reason it started is because opportunities are not coming our way and we go there forcefully to take those opportunities that belong to us. “The companies make sure that 30% goes to their subsidiaries. It doesn’t go to independent or community-based organisations.

 

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