Competition Commission: Firms colluded over World Cup tenders

South Africa’s Competition Commission has referred construction firms WBHO, Group Five, Stefanutti and Basil Read to the Competition Tribunal for collusive tendering in building stadiums for the 2010 soccer World Cup, it said on Thursday.

Parks Tau cracks down on R200m fraud and corruption in Jhb

Executive Mayor of Johannesburg, Parks Tau, joined Alec Hogg on CNBC Africa’s Power Lunch to discuss the arrest of 22 people for fraud, collusion and corruption. The arrests relate to over 100 cases of criminal activity that have defrauded the city’s coffers of up to R200m. The direct collusion is as far reaching as big … Read more

Mike Wylie

Surfer chairman of WBHO: construction has cleaned up its act, ready to build

Mike Wylie

WBHO chairman Mike Wylie is not your average corporate executive. He has been with the company 38 years, lives modestly and eschews Plett and Cape Town to holiday annually in lower profile St Francis Bay. Even at 62, he prefers surfing to wining and dining; and his idea of an ideal night out is a movie with wife Wendy. Wylie loves building things and believes his firm does it damn well. But right now he’s in the crosshairs of an angry nation.

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