SAPOA decries construction industry collusion

Posted On Sunday, 14 July 2013 22:21 Published by Commercial Property News
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The South African Property Owners Association (Sapoa) has added it voice to the condemnation of collusion in the building sector.

Neil Gopal

"Collusion represents a negative impact for our members in the form of escalated development costs and reduced yields, with knock-on impacts for demand in the economy and the growth of property sector," Sapoa CEO Neil Gopal said yesterday.

Last month, the Competition Commission fined 15 construction firms a combined R1,46-billion for collusive tendering in projects between 2006 and 2011.

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