• Mini budget: Lost trust

    The elephant in the room is a bigger danger to SA than weak finances, says Jaco Leuvennink.

  • Time to tackle floods

    Government isn't doing enough so it's up to us to take responsibility, says Mandi Smallhorne.

  • Conquering prejudice

    Every workplace would benefit from a self-critical process relating to prejudices, says Ian Mann.

Loading...

Construction sector 'needs accountability'

Apr 12 2013 10:19
Sapa

Johannesburg - Construction bosses must be held accountable if their firms are found guilty of bid-rigging, corruption, price fixing and collusion, according to a report on Friday.

The Business Day reported that rampant collusion had rocked the construction industry, and government wanted to hold company bosses personally liable by making them sign binding contracts.

"CEOs in future will take personal responsibility to grow the culture of transparency," Economic Development Minister Ebrahim Patel was quoted as saying at a conference in Midrand on Thursday.

"We'll make them sign some kind of contract on this."

His comments come after the Competition Commission received more than 400 confessions related to collusion.

Patel said government planned to boost its capacity in planning, procuring, managing and monitoring projects.

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

ebrahim patel  |  construction  |  accountability

NEXT ON FIN24X

 
 
 

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
2 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about...

Calling all social entrepreneurs - apply for The Venture now!

Are you running an innovative social business that's helping to create a better future? Then pitch for a share of The Venture’s $1m fund and receive world-class mentorship to help accelerate your business growth.
 

Money Clinic

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

Voting Booth

Pick n Pay launches new website for easier online shopping

Previous results · Suggest a vote

Loading...