Loading...
See More

Price-fixing probe hits building firms

Feb 04 2013 10:46 Reuters

Picture: Lucky Nxumalo/City Press

Company Data

BASIL READ HOLDINGS LIMITED [JSE:BSR]

Last traded 3
Change 0
% Change 0
Cumulative volume 289086
Market cap 0

Last Updated: 01-04-2015 at 03:35. Prices are delayed by 15 minutes. Source: McGregor BFA

WILSON BAYLY HOLMES-OVCON LIMITED [JSE:WBO]

Last traded 115
Change 3
% Change 2
Cumulative volume 42661
Market cap 0

Last Updated: 01-04-2015 at 04:14. Prices are delayed by 15 minutes. Source: McGregor BFA

STEFANUTTI STOCKS HOLDINGS LTD [JSE:SSK]

Last traded 5
Change 0
% Change 0
Cumulative volume 41283
Market cap 0

Last Updated: 01-04-2015 at 02:28. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Building cartel being probed - report

Aveng profit hit by industry slump

Aveng forecasts slump in profit

Sexwale slams 'chancers' in construction

Murray & Roberts records R736m loss

WBHO lifts dividend, order book

 

Johannesburg - Shares of South African construction companies such as Stefanutti fell on Monday after reports they colluded to fix prices for state and other contracts worth at least R30bn.

It was reported on Sunday that Stefanutti Stocks Holdings [JSE:SFP] executives had made several statements to investigators and prosecutors that admit they may be guilty of corruption and racketeering.

Wilson Bayley Holmes - Ovcon [JSE:WBO] said on Monday it was in confidential talks with competition authorities about a number of projects but refuted reports that it had engaged in any criminal conduct.

Stefanutti stocks had lost 6% to R10 at 07:47 GMT, while WBHO was down 3.7% to R148.69. Basil Read [JSE:BSR] fell 3.6% to R11.18.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
4 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Extravagant toys for the rich

What do you get for the person who has everything? Buy them something completely over the top.

 
 

Luxury living

The Fast and Furious R40 million
This is the most expensive burger in the world!
Exclusive food items that WILL break the bank
Top 10 most expensive homes in the world

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How will you manage Vodacom’s price hike for contracts?

Previous results · Suggest a vote

Loading...