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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 1
Change 0
% Change -6
Cumulative volume 20603
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

WILSON BAYLY HOLMES-OVCON LIMITED [JSE:WBO]

Last traded 147
Change 1
% Change 0
Cumulative volume 38523
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

STEFANUTTI STOCKS HOLDINGS LIMITED [JSE:SSK]

Last traded 3
Change 0
% Change 0
Cumulative volume 43
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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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.

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