31 Oct 2016
The City of Cape Town launched a scathing attack on the government’s settlement with the construction companies implicated in collusion during the construction of stadiums for the 2010 Fifa World Cup, saying the businesses were allowed to get away with corruption “scot-free”.
The City’s criticism follows the presidential Infrastructure Co-ordinating Commission’s (PICC) announcement that seven listed construction companies agreed on a programme of initiatives that would accelerate transformation in the industry.
The agreement was reached with companies with a combined construction revenue of about R45 billion, comprising of WBHO Construction, Aveng, Murray & Roberts, Group Five, Basil Read, Raubex and Stefanutti Stocks, according to the Department of Economic Development.
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