Construction giants' secret meetings revealed

They shared Mbombela, Peter Mokaba, Moses Mabhida, Soccer City, Nelson Mandela Bay and Green Point between themselves, agreeing to put in cover tenders and aim for a profit margin of 17.5%, according to a Moneyweb report. It says these are some of the details contained in the various consent agreements between the Competition Commission and 15 construction companies that was part of the fast-track process in the investigation into anti-competitive practices in the industry. There were meetings, cover prices swapped so that one party could win or lose a tender, loser's fees paid and agreements on profit margins. Each consent agreement sketches the complaints that were initiated by the Commission in 2009, originally specifically pertaining to the World Cup stadiums, but then believed by the commission stating that it believed the collusion to be much more widespread. Full Moneyweb report Consent agreements

In an unrelated matter, a case of fraud, corruption and forgery against Kaizer Chiefs boss Bobby Motaung and two other men was dropped in the Nelspruit Regional Court last week, according to a report on the IoL site. Quoting from an SABC News report, it says Magistrate Roelf Smith struck the case from the roll, saying he could see no progress in the matter. Motaung, his business partner Herbert Theledi, and former Lefika Emerging Equity CEO Chris Gribb were accused of corruption related to the construction of the Mbombela Stadium ahead of the 2010 Fifa Soccer World Cup. In April, the three accused attempted to have the case struck off the roll. They called for the charges against them to be provisionally withdrawn until the state was better prepared. The court rejected their claims. The three face a second case, relating to R920m involving Gribb's former lawyer Michael Romanos, former Mbombela municipal manager Jacob Dladla, and former Ehlanzeni district municipality technical services manager, Tebogo Kubeka. Full report on the IoL site